LONDON (AP) – Manchester United has launched its New York Stock Exchange listing, with shares expected to start between $16 and $20.
The launch occurred Monday, and the record 19-time English champions say about 16.7 million shares will be offered.
United is looking to raise funds to help reduce debt from the Glazer family's 2005 takeover, rated at $663 million as of March 31.
The Glazers will retain control of the club through its ownership of Class B shares, which will have 10 times the voting power of the stock sold to the public.
The club was listed on the London Stock Exchange from 1991 until the Glazers completed a leveraged buyout valued at $1.47 billion in June 2005.
The Glazers also own the NFL's Tampa Bay Buccaneers.