Tuesday August 7,2012 : FAMOUS FOOTBALL CLUB LAUNCHES I.P.O. THIS WEEK
Manchester United will list on the New York stock exchange Friday
Spread betting firms are gearing up for some action on the upcoming debut of the world-famous UK football club Manchester United on the New York stock exchange.
ETX Capital has already announced that clients will be afforded the opportunity to trade the football club’s shares ahead of this Friday’s launch.
Head of trading, Joe Rundle, noted in an advisory: "This represents a new opportunity for retail customers who have traditionally not been able to participate in initial market news. Manchester United, one of the most successful teams and valuable brands in professional football, would be the first sports teams to go public in the U.S. market in over a decade."
Manchester United is expected to list its $300 million deal with shares priced between $16 and $20.