Manchester United launched on the New York Stock Exchange

Manchester United has launched its New York Stock Exchange listing, with shares expected to start between $16 and $20.

Manchester United floated on the New York Stock Exchange Credit: PA

United is looking to raise funds to help reduce debt from the Glazer family's 2005 takeover, rated at 423 million pounds ($663 million) as of March 31.

The club was listed on the London Stock Exchange from 1991 until the Glazers completed a leveraged buyout valued at $1.47 billion in June 2005.

The Glazers will retain control of the club through its ownership of Class B shares, which will have 10 times the voting power of the stock sold to the public.