The preliminary F-1 Registration Statement is here for the IPO of “Manchester United Ltd.” on the New York Stock Exchange.
Remarkably, the club qualifies as an “emerging growth company” under the US Jumpstart our Business Startups Act of 2012. From the F-1:
“As a company with less than $1.0 billion in revenue during our last fiscal year, we qualify as an “emerging growth company” as defined in the Jumpstart our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other burdens that are otherwise applicable generally to public companies. These provisions include:
• a requirement to have only two years of audited financial statements and only two years of related Management’s Discussion and Analysis of Financial Condition and Results of Operations disclosure; and
• an exemption from the auditor attestation requirement in the assessment of our internal control over financial reporting pursuant to the Sarbanes-Oxley Act of 2002.
We may take advantage of these provisions for up to five years or such earlier time that we are no longer an emerging growth company.”
UPDATE 20 August 2012: Manchester United Prices I.P.O. at $14 a Share – New York Times
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