News

IPO Report: Entertainment conglomerate Endeavor prices IPO at $24, to raise $511 million

0

Los Angeles-based entertainment powerhouse Endeavor Group Holdings Inc. priced its initial public offering at $24 a share late Wednesday, at the top of its expected range.

The company said it will offer 21.3 million shares, raising about $511 million, and it will raise an additional $1.8 billion from institutional investors, according to a Securities and Exchange Commission filing. Endeavor is valued at a little over $6 billion.

Endeavor owns the William Morris talent agency, sports and modeling agency IMG and mixed-martial-arts company UFC.

Read more: William Morris parent Endeavor filed for an IPO again, and it’s adding Tesla’s Elon Musk to its board

It is scheduled to start trading Thursday on the New York Stock Exchange under the ticker symbol “EDR.”

There are 21 banks underwriting the deal, led by Morgan Stanley, Goldman Sachs, JP Morgan and Deutsche Bank.

: Biden’s first speech to Congress: full text

Previous article

Commodities Corner: Global Q1 gold demand down 23% year on year

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News