UFC-owner Endeavor raises $511 million in IPO?

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Ella Jones, Deputy Editor In Chief

Date: 03.05.2021

Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship (UFC) said on Wednesday it sold shares in an initial public offering (IPO) at the high end of the target range to raise $511.2 million.

Endeavor priced 21.3 million shares at $24 per share. The company had previously priced the shares at $23 to $24 each.

The IPO values Endeavor at $10.31 billion.

This is Endeavor's second attempt at going public after a failed attempt in 2019. Then, the Beverly Hills, California based-company abandoned its $400 million offering a day before it was supposed to go public due to weak investor demand.

After its IPO, Tesla Inc TSLA.O Chief Executive Elon Musk is set to join its board of directors.

Morgan Stanley, Goldman Sachs, J.P. Morgan, KKR and Deutsche Bank Securities are the lead underwriters for the company's offering.

by Ella Jones | Linkedin

#News #IPO #ICO #Endeavor #Wcryptn.com

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