On August $10,2012,$ Manchester United PLC $($MANU$),$ a professional soccer team in the English Premier League, went public with the sale of $16,666,667$ shares of Class A ordinary common shares for $$14$ per share. The sale, which raised $$233,333,338,$ was led by the Jeffries Group, Inc. and conducted with assistance from Credit Suisse Group AG and JP Morgan. A variety of other banks across the world participated in the sale by offering shares to their customers.

Beginning on August $9,2012,$ and running for two weeks, roadshows were conducted in the United States by one management team and across Europe and Asia by a second team of MANU executives.

What was the purpose of the roadshows conducted by MANU$$s management and its investment bankers?

To create and identify prospective investors and the number of shares they are willing to purchase at the issue$$s range of offering prices.

To meet with investment bankers and negotiate the terms of the offering.