Manchester United Sets $300m US IPO Terms

July 31, 2012 /

Manchester United Ltd., an English professional soccer club owned by Malcom Glazer, announced terms for its IPO.

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.


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