Endeavor Aims to Raise $511 Million in IPO, Valuing Company at $10 Billion

aims to raise about $511 million with its initial public offering that will value the parent company of WME and UFC at about $10 billion.

Early Tuesday, Endeavor filed its full prospectus with the Securities and Exchange Commission. The company aims to sell 21.3 million shares priced at $23-$24. Endeavor is also doing a private sale of preferred shares to raise about $1.7 billion in order to buy out the remaining 49% of UFC that it does not already own.

In its registration statement filed last month, Endeavor reported revenue of $3.5 billion for 2020 and a net loss of $625.3 million. The company previously sought to go public in 2019 but pulled the offering at the last minute.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UFC-owner Endeavor aims to raise $511 million in U.S. IPOEndeavor Group Holdings Inc, an entertainment, sports and talent agency company that owns the Ultimate Fighting Championship (UFC), said on Tuesday it was looking to raise up to $511 million in an initial public offering in the United States. did you go with a pic of the fighter lionheartasmith because he’s wearing glasses?
Source: Reuters - 🏆 2. / 97 Read more »