David Beckham ‘bigger than Facebook’ in soaraway stock market debut
Facebook’s recent much-trumpeted initial public offering was overshadowed today as shares in David Beckham, Inc. gained 23% on their first day of trading, valuing Beckham at over $200 billion.
But while the Facebook IPO made many of its financial backers rich beyond their wildest dreams, many people around the world who own a piece of David Beckham accept that individual gains could be quite modest, as millions of Manchester United supporters and residents of Beckham’s native London will qualify for the new shares.
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