Manchester United sets terms for $300 million US IPO

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Manchester United Ltd., an English professional soccer club owned by Malcom Glazer, announced terms for its IPO on Monday. The Manchester, United Kingdom-based company plans to raise $300 million by offering 16.7 million shares (50% insider) at a price range of $16.00 to $20.00. At the midpoint of the proposed range, Manchester United Ltd. would command a market value of $2.9 billion.

Manchester United Ltd., which was founded in 1878 and booked approximately $543 million in sales for the 12 months ended March 31, 2012, plans to list on the NYSE under the symbol MANU. Jefferies & Co., Credit Suisse, J.P. Morgan, BofA Merrill Lynch and Deutsche Bank Securities are the joint 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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