Manchester United shares flat after cut-price IPO | Bangkok Post: news

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Manchester United shares flat after cut-price IPO

Manchester United shares barely treaded water in debut trade in New York Friday even after underwriters slashed the IPO price amid doubts about the legendary British football club's financial promise.

Manchester United Executives as they ring the Opening Bell at the New York Stock Exchange in New York City. Manchester United shares barely treaded water in debut trade in New York Friday even after underwriters slashed the IPO price amid doubts.

Midway through trade the team's shares were changing hands at $14.00, the price set on Thursday for subscribers to the club's $234 million initial public offering.

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