IVO process involves several entities such as the issuing company institutional investors brokers, lawyers, regulators, retail investors and me company consider the following IPO due on August $10,2012$ Manchester United PLC a professional soccer team in the English primary league went public with a sale of $16,666,667$ shares of class I ordinary common shares for $$14$ per share the sale which rise $$233,333,338$ was led by the Jefferies group Incorporated and conducted with assistance from Creus group AG and JP Morgan all institution service as a book runners for the file offering a variety of other banks across the world participate in the sale offering shares to the customers share sold in the IPO. We$$re both newly created shares, as well as those provided by Malcolm Grazer family, the owners of menu prior to the offering, which of which farm is lead underwriter of the menu IPO Jefferies$$s groove Incorporated or glacier family the underwriter in the IPO process has several responsibilities true or false. The underwriter is likely to promote the sales shares by distribute analyst reports on the stock to his associate brokerage house.