British soccer team Manchester United, which went public on the New York Stock Exchange on Friday, said in its IPO filing that it may take advantage of the relaxed reporting and auditing requirements for so-called “emerging growth companies” in the JOBS Act.
The Jumpstart Our Business Startups Act was signed into law in April in an effort to help small business startups access the capital markets. Manchester United is one of the largest soccer teams in the world, with its roots dating back to 1878. In July, it ranked number one on Forbes’ annual list of the most valuable sports franchises, valued at $2.23 billion. One of its most prominent players was soccer superstar David Beckham.
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