Price due to be set for Man U IPO
NEW YORK -- The world's most popular sports team is getting ready to list its stock on the world's largest exchange.
British soccer club Manchester United priced its initial public offering at $14 per share on Thursday. That's below the $16 to $20 per share price range that had been widely anticipated.
The stock will begin trading on the New York Stock Exchange on Friday as Manchester United tries to pay off more of the heavy debt piled on the club in its 2005 takeover.
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