AFP 2012-08-10 20:18:05
This photo courtesy of the New York Stock Exchange Euronet shows Manchester United Executives as they ring the Opening Bell at the New York Stock Exchange on August 10, 2012 in New York City. Manchester United Lists Initial Public Offering on the New York Stock Exchange. 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. 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. Analysts said underwriters were propping up the shares on the New York Stock Exchange to keep them from dropping below the issue price. = RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT " AFP PHOTO / NYSE EURONET/BEN HIDER/" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS =
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