In a news release
on their website August 8, Manchester United (NYSE: MANU) announced the pricing of its initial public offering of 16,666,667 Class A Ordinary Shares at a price of $14.00 per share.
On Monday, August 20, a stock filing with the SEC
, US regulators, described on the MUFC website as "A statement of beneficial ownership of common stock by certain persons
" states that Soros Fund Management has acquired almost 8% of the MUFC stock.
According to the Financial Times
and stock information
on the Manchester United official website, MANU shares have fallen slightly from their initial price of $14 a share. The company’s stock closed at $13.06 on Monday, a change of 2.68% on the previous day's close and down a total of nearly 7% since the initial public offering.
For the second time in 16 years yesterday, Man Utd. lost their opening season game
. The final score was 1-0 away to Everton. Despite their disappointing start, MUFC
have won to date a record 19 English league titles. The Red Devils are the most decorated football club in the history of English football having won 53 domestic trophies and seven international titles. Manchester United are also known to be the most popular football club world-wide with over 300 million followers and close to 140 million fans.