6th of August 2012 Author: Johnny Karp
Listing on the New York stock exchange for major football club
News broke this week that the famous UK football club Manchester United is about to make its debut on the New York stock exchange. The club is expected to list its $300 million deal with shares whose price will range between $16 and $20.
The listing will be launched on Aug. 10, but ETX Capital announced that clients will be able to trade the club's shares ahead of the launch.
It was stated by head of trading, Joe Rundle: "This represents a new opportunity for retail customers who have traditionally not been able to participate in initial market news. Manchester United, one of the most successful teams and valuable brands in professional football, would be the first sports teams to go public in the U.S. market in over a decade."
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