Manchester United prices IPO at $14, below the range

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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.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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