Anybody get in on the IPO today? (Sorry if you did lol)
Hollywood super agent Ari Emanuel’s entertainment conglomerate Endeavor will kick off its first day of trading as a public company on Thursday, The Post has learned.
The company behind Hollywood talent agency WME, mixed martial arts juggernaut Ultimate Fighting Championship and the Miss Universe contest, is on track list its shares on the New York Stock Exchange for the first time under ticker symbol “EDR.”
Last week Endeavor said it was looking to raise $511.2 million by selling 21.3 million shares priced at $23 to $24 a share, giving the Beverly Hills, Calif.-based company a value of more than $10 billion.
A source with knowledge of the plan said the company is on track to meet its goals.
That it means Endeavor will raise less than the $712 million it had aimed for during its first IPO attempt in 2019. The earlier IPO plan, which would have valued the company at about $6.5 billion, was called off after its share offering was met with a lukewarm response from Wall Street.
Credit to the New York post.
Hollywood super agent Ari Emanuel’s entertainment conglomerate Endeavor will kick off its first day of trading as a public company on Thursday, The Post has learned.
The company behind Hollywood talent agency WME, mixed martial arts juggernaut Ultimate Fighting Championship and the Miss Universe contest, is on track list its shares on the New York Stock Exchange for the first time under ticker symbol “EDR.”
Last week Endeavor said it was looking to raise $511.2 million by selling 21.3 million shares priced at $23 to $24 a share, giving the Beverly Hills, Calif.-based company a value of more than $10 billion.
A source with knowledge of the plan said the company is on track to meet its goals.
That it means Endeavor will raise less than the $712 million it had aimed for during its first IPO attempt in 2019. The earlier IPO plan, which would have valued the company at about $6.5 billion, was called off after its share offering was met with a lukewarm response from Wall Street.
Credit to the New York post.
