Manchester United (MANU) IPO Prices at $14, Below Range

Manchester United (NYSE: MANU) priced its initial public offering of 16,666,667 Class A Ordinary Shares at a price of $14.00 per share, which is below the expected $16.00-$20.00 range. Shares will open today on the NYSE under the symbol "MANU."

The book-running managers for the proposed offering are Jefferies & Company, Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, BofA Merrill Lynch and Deutsche Bank Securities.

Manchester United is the popular soccer team. Through its134-year heritage they have won 60 trophies, and have a global community of 659 million followers.

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