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UPDATE 2-Man Utd IPO values club at $2.3 bln, less than expected (Reuters)
* British club's shares price at $14 apiece in New York * Club was hoping for $16 to $20 per share * Lower proceeds for Man Utd, Glazer family Aug 9 (Reuters) - Manchester United Ltd said itsshares priced at $14 apiece in its U.S. initial public offeringon Thursday, valuing the British soccer club at $2.3 billion,significantly below what its owners were hoping. The team priced 16.7 million shares, as planned, and raised$233.2 million, about $100 million less than it had hoped. ... More...
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