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TURIN, December 6 (DS) - Juventus FC have valued themselves at up to E437m (387 million dollars) as it began a roadshow yesterday for its planned stock market listing on December 20, the Financial Times reports.
The Italian club will be the third Italian club to get a stock market listing, alongside AS Roma and S.S. Lazio.
Juventus, which claim more fans than any other in Italy, are pressing ahead with the flotation to raise cash to develop their non-footballing businesses despite a sustained slump in the price of football club shares.
Club board and bankers advising it on the initial public offering shrugged off the disappointing performance of football club shares. They declared they evaluated Juventus as a "special situation" given its huge following in Italy.
Juventus have set a price ranging from E3.50 to E4.20 for the 38.7m shares being offered to investors. Italian institutions and fans of the club are likely to be the vast majority of buyers of the stock.
If Juventus can sell them at the top end of that range, their value will put it close to that of Manchester United, the English club that generates the most revenue among the world's leading sides.