Endeavor latest black eye for IPO market, investors see companies as overpriced

Endeavor pulled its high profile IPO and said it would evaluate market conditions, after the rocky debut of Peloton earlier in the day.Of 120 companies that have gone public this year, 57 are trading below their offer price, according to Renaissance and CNBC data.

Endeavor had already lowered the range for the offering to between $26 and $27 a share and cut the number of shares to 15 million. It had planned an offer of 19.4 million shares at between $30 and $32 per share. Earlier, Peloton, maker of high-end exercise bikes, had a weak first day on Wall Street, with the much anticipated IPO opening at $27 a shares, about 7% below its $29 offer price. Peloton ended the day down 11.2% at $25.76.

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Endeavor lowers its IPO price range ahead of its market debutEndeavor, the owner of WME-IMG and UFC, has lowered the price range of its shares ahead of its much-anticipated initial public offering You’re a talent agent and you have a duty to put your clients first — how is that compatible with being a shareholder-owned company. Get real.
مصدر: latimes - 🏆 11. / 82 اقرأ أكثر »

Endeavor Pulls IPO Amid Investor Concerns, Market InstabilityAt the eleventh hour, Endeavor has pulled its plan for a public offering of shares on Friday in the face of lukewarm investor reaction to the company’s financials and instability in the IPO m… I can hear Ari screaming now! angerissues Woah. _DMcNary The market is flat over the last year. So don’t give me any market instability shit. Sure the VIX is up a little, but don’t believe that line.
مصدر: Variety - 🏆 108. / 63 اقرأ أكثر »