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 as planned, but at a price of $14 each, below the expected range of $16 to $20. At 11:45 a.m. EDT (1545 GMT) the shares were unchanged, with turnover tapering off sharply following an initial surge. The stock never dipped below $14 and was mostly steady within a five-cent range.
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