Wednesday, July 18, 2012
Soccer power Manchester United is expected to start selling stock to the public as early as next week in New York, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the United Kingdom, Reuters news agency reported.
The timetable marks a change from the original schedule to proceed with the initial public offering (IPO) after Labor Day on Sept. 3, Reuters said
In another change, the soccer club that is owned by the Glazer family, which also owns the Buccaneers, is now looking to raise $300 million on the IPO, less than the $500 million previously contemplated.
The decision on timing and sizing is fluid and could change, depending on