English football club giants, Manchester United, has officially announced plans listed shares on the stock exchange the United States (U.S.).
Red Devils club is going to release as many as 16.67 million shares at the initial price range between U.S. $ 16-20 per unit, or Rp144-180 thousand (Rp9.000 exchange rate). Value of the company itself estimated at U.S. $ 3.3 billion.
As quoted from page Reuters, Tuesday, July 31, 2012, the club and the owner, Malcolm Glazer, each will take off half of their holdings. Of action is expected to get fresh funds amounting to U.S. $ 333 million.
Dana plans to use IPO proceeds to reduce debt levels that have reached the MU 423 million pounds or U.S. $ 543 million.
Despite removing half the shares, Glazer would still be a majority shareholder after the offering 89.8 percent of the combined shares of A and B.
Plans an initial public offering of shares or initial public offering (IPO) of shares in Manchester New York Stock Exchange challenging to predict. Therefore, the U.S. public was not too familiar with the type of sport or football team Manchester United.
Not only that. The last financial statement the company also makes investors take a wait position. MU on-year revenue is projected to only about 315 million to 320 million pounds, or U.S. $ 495-503 million. This acquisition decreased 3-5 percent over the previous year.
Meanwhile, operating costs club nicknamed "Red Devils" known to increase about 4-5 percent. This increase as more and the cost of compensation for players and staff.
"It is very challenging to see how the company should spend substantial funds to produce success," said Morningstar analyst. "Although they look nice, the price is too high altitudes.
Red Devils club is going to release as many as 16.67 million shares at the initial price range between U.S. $ 16-20 per unit, or Rp144-180 thousand (Rp9.000 exchange rate). Value of the company itself estimated at U.S. $ 3.3 billion.
As quoted from page Reuters, Tuesday, July 31, 2012, the club and the owner, Malcolm Glazer, each will take off half of their holdings. Of action is expected to get fresh funds amounting to U.S. $ 333 million.
Dana plans to use IPO proceeds to reduce debt levels that have reached the MU 423 million pounds or U.S. $ 543 million.
Despite removing half the shares, Glazer would still be a majority shareholder after the offering 89.8 percent of the combined shares of A and B.
Plans an initial public offering of shares or initial public offering (IPO) of shares in Manchester New York Stock Exchange challenging to predict. Therefore, the U.S. public was not too familiar with the type of sport or football team Manchester United.
Not only that. The last financial statement the company also makes investors take a wait position. MU on-year revenue is projected to only about 315 million to 320 million pounds, or U.S. $ 495-503 million. This acquisition decreased 3-5 percent over the previous year.
Meanwhile, operating costs club nicknamed "Red Devils" known to increase about 4-5 percent. This increase as more and the cost of compensation for players and staff.
"It is very challenging to see how the company should spend substantial funds to produce success," said Morningstar analyst. "Although they look nice, the price is too high altitudes.
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