Manchester United shares will start trading in New York on Friday at a big discount on the club's earlier expectations over its worth.
United's advisers will offer a 10% stake at a price of 14 US dollars (£9), valuing it at around £1.5billion, but much lower than the range of 16 to 20 US dollars (£10-12) it had hoped to achieve, worth up to £2.1billion.
The club, bought by the Glazer family in 2005 for about £800million, will raise about 233 million US dollars (£149million) and this will be partly used to pay off some of its debt.
Copyright (c) PA Sport 2012, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms