Manchester United intends to raise up to $333M in its NYSE IPO, with the U.K. soccer club and its owners, the Glazer family, offering 16.7M shares at $16-$20 each. At the midpoint, that would give United a market cap of $2.95B, or 50 times its profit of £38M in the year to March 31. Yesterday, United signed a 7-year sponsorship deal with GM that Bloomberg reports is worth £25M a year.
Manchester United intends to raise up to $333M in its NYSE IPO, with the U.K. soccer club and...
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