Manchester United sets IPO terms
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Manchester United is raising up to US$333 million in its IPO in the US.
The English soccer team is sell over 16.6 million shares at US$16 to US$20 apiece.
The club's proceeds from the IPO will be used to reduce its debt.
A source told Reuters that Manchester's United will kick off its marketing road show this week in the US, Europe and Asia.
The team chose to list in the US after scrapping listing plans in Singapore and Hong Kong.
It had originally planned to raise as much as US$1 billion here.
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