Winning the richest national soccer league for 13 of the last 21 years has guaranteed a big slice of broadcast revenue, and allowed the club to amass a global following of over 650 million – a loyal and lucrative market for merchandising partners and sponsors such as Nike (NKE), General Motors (GM) and many others.
By Mark Thompson, CNNMoney International Editor
Manchester United didn't have many fans cheering for the 134-year-old British soccer team when it made its debut on the New York Stock Exchange (NYX) Friday.
Shares of Manchester United (MANU) barely budged above their $14 initial public offering price. The stock opened at $14.05 and stuck mostly around that level for most of the day. The stock closed its first day of trading precisely at its $14 IPO price.
Manchester United MOREMaureen Farrell - Aug 10, 2012 2:43 PM ET
Investing in IPOs is risky enough when a company dots all of its i's and crosses its t's.
But ever since the Jumpstart Our Business Startups, or JOBS Act, was signed into law in April, companies with less than $1 billion of annual revenue can file for confidential IPOs.
The law was supposed to make it quicker and easier for smaller so-called emerging growth firms to go public since confidential IPOs only MOREMaureen Farrell - Aug 9, 2012 12:05 PM ET
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