LONDON — Manchester United Ltd., the English soccer team with a record 19 national championships, received enough orders for all shares being sold in its U.S. initial public offering, said two people with knowledge of the matter.
The company and its owner, the Glazer family, are seeking to raise as much as $333 million by selling 16.7 million shares at $16 to $20 each, according to a regulatory filing last month.
Banks managing the IPO plan to stop taking orders for the shares at noon Thursday in New York, according to one of the people, who declined to be identified because the talks are private.
United, whose players include England’s striker Wayne Rooney and Welshman Ryan Giggs, picked the U.S. as its listing venue after ditching plans for a share sale of as much as $1 billion in Singapore.
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