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initial public offering

August 17, 2011

The Glazer family is preparing to give up sole ownership of Manchester United, with reports suggesting a partial flotation of the British football club is likely. 

The Glazer family is preparing to give up sole ownership of Manchester United, with reports suggesting a partial flotation of the British football club is likely.

An initial public offering in Singapore, which could raise up to $1 billion, is reportedly being considered and could take place by the end of the year depending on market conditions.

The cash could come as a welcome relief to the debt-ridden club, which is currently forking out £45 million a year in interest on its deficits.

July 21, 2010

Jörn Rausing, one of the heirs to the Tetra Pak fortune, has made a tidy sum from one of the few initial public offerings on the London Stock Exchange this year.

Jörn Rausing, one of the heirs to the Tetra Pak fortune, has made a tidy sum from one of the few initial public offerings on the London Stock Exchange this year.
 
Rausing is thought to have made around £50 million from his initial 7% stake in Ocado, the groceries delivery firm, when it listed in London today. This initial stake cost Rausing around £15 million when he bought the shares back in 2003.
 

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