Jefferies’ lead role in the $233m initial public offering of Manchester United may not be its largest flotation, but it is one of its highest profile, as the UK football club becomes the first sports team to list in the US for more than a decade.
The football club last night sold shares at $14 each, helping to raise $233m and giving it a market capitalisation of $2.3bn at issue price. The American Glazer family acquired the club for $1.2bn in 2005.
