Man United shares flat in debut after IPO disappoints


LONDON/NEW YORK (Reuters) - Shares in Manchester United Ltd made a flat stock market debut on Friday, a disappointment for the world's most famous football club but one it insisted would have no effect on its ability to acquire top-flight players.

Manchester United sold 16.7 million shares at a price of $14 (8.93 pounds) each, below the expected range of $16 (10.20 pounds) to $20 (12.75 pounds), and shares closed unchanged.

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