Saturday, August 11, 2012

Manchester United shares debut in New York


http://www.bbc.co.uk/news/business-19210107

The football club's shares initially rose slightly to $14.05, before closing flat at the offer price of $14. The offer price was less than the $16-$20 United had wanted to sell them for.

Ten percent of the club was sold in the initial public offering (IPO), raising $233m (£150m), a third less than hoped.

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