* UK club’s shares price at $14 vs $16-$20/shr range * Deal represents 2.5 times equity return for Glazers * Analyst says “surprised it wasn’t more of a discount” Aug 9 (Reuters) – Manchester United Ltd’s initialpublic offering priced well below its expected range onThursday, valuing the British soccer club at only $2.3 billionand shaving off as much as $100 million from the anticipatedproceeds for the team and its owners. The club said its shares priced at $14 apiece, below the$16-$20 per share range it had in mind. At the high end of therange, the team would have been valued at $3.3 billion. …
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UPDATE 3-Man Utd IPO priced below range, club worth $2.3 bln (Reuters)
