Wednesday, 4 July 2012

NYSE Ending For Manchester United's Fans!

The 19-time English Premier League Champions, Manchester United Football Club, finally decided to float its Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) after having deliberated its decision since last year, where the listing was going to take place on the Far Eastern Stock Markets of either Hong Kong or Singapore.

The United's owners eventually decided against this move on the grounds of the stock market uncertainties in the far east at the time.

Manchester United FC as of end of March had a total debt of around 423 million GBP, which the club hopes to repay from the proceeds of the NYSE IPO.

 J.P. Morgan, Bank of America, Credit Suisse, and the Deutsche Bank Securities have been hired as the major IPO's underwriters.

No comments:


Related Posts Plugin for WordPress, Blogger...