Manchester United’s initial public offering stock listing on the New York Stock Exchange can be monitored here.
The Guardian has the scoop:
Manchester United has slashed the price of its shares in advance of its debut on the New York Stock Exchange on Friday.
The club had been set to sell its shares for between $16-$20 (£10-£13) a share but cut the price to $14 late on Thursday following negative comments from Wall Street analysts and Facebook’s disappointing stock market debut in May.
Even after the cut, United will be valued at $2.3bn (£1.5bn), making it the most valuable football club in the world. Real Madrid, its closest rival in financial terms, is valued at $1.88bn, according to an annual ranking by Forbes magazine.
Man United chief executive David Gill was on hand to ring the bell to start the day’s trading, and was interviewed shortly after on the floor, where he has this to say:
David Gill on
@cnbc “we didn’t start rumours on Van Persie just to puff up our share price on launch.”#manchesterunited@fcbusiness#rvp— marcwebber (@marcwebber) August 10, 2012
Apparently Gill is set to personally “drive” talks forward with Arsenal for the services of the Dutch striker.
The launch itself is also rife with some frankly uncomfortable imagery, like that of floor traders wearing Manchester United shirts with “NYSE” and the stock code written on them (retweeted by Andi Thomas, who pointed this out):
Traders at the New York Stock Exchange ready for ManU to go public (via
@carlquintanilla) yfrog.com/hsa4dqxj— darren rovell (@darrenrovell) August 10, 2012
I would urge you as Manchester United fans not to invest in this stock for reasons outlined here. It’s a raw deal.
Ashley Young has bad posture
well phuc, you can tell the glazers aren’t even fans of the team by setting the symbol as MANU. no real fan calls them ManU due to all the ManUre jokes…… well at least it describes the stock well.
seems someone is keeping it floating at 14 and not allowing it to drop below IPO price.
hilarious.
www (dot) therepublikofmancunia (dot) com/why-saying-man-u-isnt-so-bad/
Stock Market, bloody hell
ManU need fresh blood in management, Sir Alex Fergusan must go or needs a fresh approach
RVP is the best striker in MU