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Forum - Manchester United Ltd - MANU   

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From: jollyjoekerr (Rep: 45)Date: 08/10/2012 07:24
Forum: Manchester United Ltd - Msg #457Thread #673439411 (Rec: 0)
Weak IPO pricing may create good scalp opportunity.
Manchester United, one of the world's most well-known soccer clubs, raised $233 million by offering 17 million shares at $14, below the $16 to $20 range. At its $14 offer price, the England-based club commands a market capitalization of $2.3 billion, making it the world's most valuable sports franchise.

Manchester United will open for trading on the NYSE on Friday under the symbol MANU. Jefferies & Co., Credit Suisse, J.P. Morgan, BofA Merrill Lynch and Deutsche Bank Securities acted as bookrunners on the deal.



 

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