Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="325637" type="ORGANIZATION" weightage="60" keywordseo="Endeavor">Endeavor</keyword>, the majority owner of the <keyword id="992778" type="ORGANIZATION" weightage="60" keywordseo="UFC">UFC</keyword>, is set to go public with a +$10 billion valuation.</li><li>The company plans to sell 21.3 million shares between $23 and $24 per share.</li><li>Endeavor hopes to raise $511.2 million from the public offering plus $1.3 billion from private investors.</li></ul>The Ultimate Fighting Championship's parent company, <keyword id="11029470" type="UNKNOWN" weightage="60" keywordseo="endeavor-group">Endeavor Group</keyword> Holdings, is eyeing a valuation of over $10 billion for its upcoming IPO, according to an <a href="https://www.sec.gov/Archives/edgar/data/0001766363/000119312521122043/d67085ds1a.htm">S-1 prospectus filed by the firm.</a>Endeavor plans to sell 21.3 million shares priced between $23 and $24 a share in hopes of raising $511.2 million in the public offering.The firm will also raise up to $1.3 billion from private investors like Abu Dhabi's state-owned investment company Mubadala and the owner of the New England Patriots Robert Kraft.Endeavor plans to trade on the New York Stock Exchange under the ticker "<keyword id="1931154" type="ORGANIZATION" weightage="60" keywordseo="EDR">EDR</keyword>."Hollywood power broker <keyword id="1816699" type="PERSON" weightage="60" keywordseo="Ari-Emanuel">Ari Emanuel</keyword>, the inspiration for Ari Gold in HBO's "Entourage," founded Endeavor in 1995 as a talent agency and has since expanded the business to include sports businesses, live events, and concerts."The events of 2020 reminded us of the enduring value of premium intellectual property and content while reinforcing the strength of our position within the sports and entertainment ecosystem," Ari Emanuel wrote in the company's S-1 Prospectus."We believe being a public company will enable us to accelerate this mission and further the vision we set out in 1995 to build a company for where the world was headed. We hope you'll join us," Emanuel added.Endeavor's major holdings include the UFC, the Miss Universe Pagent, the talent agency WME (which boasts clients like Dwayne "the Rock" Johnson), and Euroleague Basketball. The company plans to use $835.7 million of its IPO funds to buy the portion of the UFC that it doesn't already own.Endeavor also recently nominated <a href="https://www.businessinsider.com/elon-musk-endeavor-board-ipo-tesla-ari-emanuel-wme-public-2021-4">Elon Musk</a> to its board of directors in the lead-up to its IPO.The firm had previously attempted to raise $600 million in its first IPO effort back in 2019 at a valuation of roughly $6.5 billion, but ultimately called it off citing poor market conditions after a less than stellar response from investors.Part of what may have scared off potential buyers is Endeavor's massive debt load. The firm has $5.9 billion of debt on its books with only around $1 billion in cash.Net losses in 2020 topped $650 million on $3.4 billion in revenue as well, according to the company's SEC filings.If Endeavor does go public, founder Ari Emanuel and executive chairman Patrick Whitesell would have stakes totaling around $900 million, but the company's biggest shareholder would be Silver Lake, with a stake valued at more than $4 billion.

The UFC's majority owner Endeavor is eyeing a valuation of over $10 billion for its upcoming IPO

<ul><li>UFC parent company <keyword id="11029470" type="UNKNOWN" weightage="60" keywordseo="endeavor-group">Endeavor Group</keyword> surged 19% to $$28.47 in its <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> debut on Thursday.</li><li>The holding company priced its IPO at $24, raising $511 million at a $10 billion valuation.</li><li><keyword id="325637" type="ORGANIZATION" weightage="60" keywordseo="Endeavor">Endeavor</keyword> trades under the ticker symbol "EDR" on the New York Stock Exchange.</li><li id="recirc"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/edr-stock">Endeavor Group</a> surged as much as 19% on Thursday in its IPO debut, hitting an intra-day high of $28.47.The parent company of UFC and the William Morris talent agency raised $511 million in the IPO, selling 21.3 million shares at a valuation of about $10 billion. Endeavor Group <a href="https://www.businesswire.com/news/home/20210428006178/en/Endeavor-Announces-Pricing-of-Initial-Public-Offering">priced its IPO at $24 per share.</a>The holding company saw a slow down in business amid the pandemic, as it heavily depends on live entertainment. Revenue declined 24% to $3.5 billion in 2020, according to Endeavor's <a href="https://www.sec.gov/Archives/edgar/data/1766363/000119312521102184/d67085ds1.htm">S-1 filed with the SEC</a> last month. In anticipation of going public, Endeavor Group <a href="https://www.businessinsider.com/elon-musk-endeavor-board-ipo-tesla-ari-emanuel-wme-public-2021-4">added Tesla CEO Elon Musk to its board of directors.</a> But David Trainer, CEO of New Constructs is cautioning investors about Endeavor Groups "nosebleed" valuation in an investment note on Wednesday. "No matter how many Elon Musks it adds to its board, Endeavor's expected valuation of $10 billion is in nosebleed territory," Trainer said, adding that the company's lack of profits doesn't justify such a high valuation. Endeavor posted net losses of more than half a billion dollars in both 2019 and 2020. Endeavor trades under the ticker symbol "EDR" on the New York Stock Exchange.

UFC parent Endeavor pops 19% in IPO debut, adds Elon Musk to board

<div class="KonaFilter image-container display-table"><div><div class="image on-image">J. Vespa / Contributor, Getty Images</div></div></div><ul><li>Endeavor Group, a Hollywood super-agency, filed for an initial public offering earlier this week aiming to raise as much as $619 million at a $7.6 billion valuation. </li><li>Ari Emanuel and Patrick Whitesell - the firm's top two executives - and a small group of other company insiders could take in close to $1.5 billion if the shares are listed at the middle of its estimated range, <a href="https://www.bloomberg.com/news/articles/2019-09-18/endeavor-ipo-set-to-hand-hollywood-agents-1-5-billion-fortune">according to Bloomberg</a>. </li><li>If Endeavor's listing is successful, it would be largest publicly-traded talent agency. </li><li><a href="https://markets.businessinsider.com/">Visit the Markets Insider homepage for more stories.</a> </li></ul>Endeavor Group, one of the most dominant talent agencies in Hollywood, is getting ready to go public and a small group of company insider could take home more than a billion dollars if the listing is successful. Endeavor top two executives, Ari Emanuel and Patrick Whitesell, and other senior management could rake in a combined $1.5 billion if the company's shares lists at the middle of its $30 to $32 target range, <a href="https://www.bloomberg.com/news/articles/2019-09-18/endeavor-ipo-set-to-hand-hollywood-agents-1-5-billion-fortune">according to Bloomberg</a>. The company is looking to raise $619 million at a $7.6 billion valuation. If the IPO is successful, it would make Endeavor the largest publicly-traded talent agency. <a href="https://www.surveymonkey.com/r/BI-Young-Investor-Panel" target="_blank" rel="noopener">Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up.</a>Emanuel and Whitesell, who built the agency and led it to secure deals to purchase the United Fighting Championship for $4 billion in 2016 and to merge with the William Morris Agency in 2009, are poised to receive millions in salary and bonuses for several years. Emanuel, who serves as the chief executive officer of Endeavor, could earn as much as $28 million in additional stock if the company's valuation exceeds $7.53 billion. He's also eligible to earn equity payouts throughout the next decade worth up to $14 million each if the company's market value hits specific targets, <a href="https://www.bloomberg.com/news/articles/2019-09-18/endeavor-ipo-set-to-hand-hollywood-agents-1-5-billion-fortune">according to Bloomberg</a>. Endeavor is expected to list on the New York Stock Exchange under the ticker "EDR." <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/elon-musk-mars-starship-spacex-starhopper-rocket-moon-2019-6">Elon Musk's multibillion-dollar Starship rocket could one day take people to the moon and Mars</a></h3> <div> </div> </div>

The top executives at Hollywood super-agency Endeavor could rake in a total of $1.5 billion from its upcoming IPO

<div class="KonaFilter image-container display-table"><div><div class="image on-image">AP Images</div></div></div><ul><li>Hollywood conglomerate Endeavor Group canceled its initial public offering plans at the last minute amid broader IPO-market turmoil.</li><li>One such example was Peloton's <a href="https://markets.businessinsider.com/news/stocks/peloton-stock-price-900-million-market-value-erased-after-ipo-2019-9-1028557770">disappointing opening-day performance</a>, which saw it suffer the third-worst open for any mega-IPO since the financial crisis.</li><li>The company called off the offering Thursday afternoon and said it would continue to evaluate market conditions to better time a public offering.</li><li>The surprising reversal follows several IPO slumps throughout the year. Nearly half of the 120 companies to go public in 2019 are trading below their offer price, <a href="https://www.cnbc.com/2019/09/26/endeavor-latest-black-eye-for-ipo-market-investors-see-companies-as-overpriced.html">according to CNBC</a>.</li><li><a href="https://www.businessinsider.com/" target="_blank" rel="noopener">Visit the Business Insider homepage for more stories</a>.</li></ul>Endeavor Group canceled its plans for an initial public offering after aiming to raise as much as $619 million in the sale.The Hollywood conglomerate called off the IPO Thursday afternoon, saying it would continue to evaluate market conditions to better time the offering. Endeavor <a href="https://markets.businessinsider.com/news/stocks/endeavor-top-executives-set-to-earn-billions-from-ipo-2019-9-1028539369">initially planned to offer 19.4 million shares for $30 to $32 each</a>, but later lowered the offer price to between $26 and $27 per share. The updated offering also slashed the shares for sale to 15 million."Demand is strong, just at values below this range," a source familiar with the plans <a href="https://www.cnbc.com/2019/09/26/endeavor-latest-black-eye-for-ipo-market-investors-see-companies-as-overpriced.html">told CNBC</a>.Read more: <a href="https://www.businessinsider.com/tech-stocks-how-uber-lyft-become-profitable-glen-kacher-picks-2019-9" target="_blank" rel="noopener">A hedge fund manager who oversees $2 billion lays out the road to profitability for Uber and Lyft - and explains why they have a unique bull case compared to WeWork</a>The surprising turn of events follows a streak of IPO disappointments though 2019. Nearly half of the 120 companies that have gone public this year are trading below their offer price, according to CNBC.Here are some of the biggest IPO headlines in recent months:<ul><li>Peloton hit markets Thursday and sank 11% by market close, wiping out <a href="https://markets.businessinsider.com/news/stocks/peloton-stock-price-900-million-market-value-erased-after-ipo-2019-9-1028557770">more than $900 million in investor wealth</a> on its first day of trading.</li><li>WeWork was set to IPO before the new year, but canceled the plans after founder Adam Neumann <a href="https://www.businessinsider.com/wework-co-founder-adam-neumann-is-stepping-down-as-ceo-2019-9">stepped down as CEO</a> September 24.</li><li>Rideshare giants <a href="https://markets.businessinsider.com/stocks/uber-stock">Uber</a> and <a href="https://markets.businessinsider.com/stocks/lyft-stock">Lyft</a> both trade more than 30% lower than their offering price.</li><li><a href="https://markets.businessinsider.com/stocks/work-stock">Slack</a> trades nearly 20% lower than its IPO price.</li></ul>Endeavor's top two executives, Ari Emanuel and Patrick Whitesell, built the agency and secured an acquisition of the United Fighting Championship for $4 billion in 2016. The company merged with the William Morris Agency in 2009.The company was expected to list on the New York Stock Exchange under the ticket "EDR."Now read more markets coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/options-trading-bets-on-2020-election-earlier-than-prior-cycles-2019-9-1028559275">Options traders are already trying to game the 2020 election - and it's happening far earlier than in prior cycles</a><a href="https://markets.businessinsider.com/news/stocks/micron-stock-price-q4-earnings-sales-decline-profit-forecast-cut-2019-9-1028559644">Micron slumps after reporting sales decline, cutting profit forecast</a><a href="https://www.businessinsider.com/walmarts-smart-flower-pots-prototype-at-health-clinic-in-georgia-2019-9">Walmart is working on a mysterious 'flower pot' device that can monitor your health from afar - here's the full story</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-it-takes-to-be-an-nfl-referee-football-sunday-roger-goodell-tom-brady-2018-9">What it takes to be an NFL referee, according to an official who spent 19 seasons in the league</a></h3> <div> </div> </div>

You Searched For "edr stock" and got 4 results

The UFC's majority owner Endeavor is eyeing a valuation of over $10 billion for its upcoming IPO

Will Daniel

UFC parent Endeavor pops 19% in IPO debut, adds Elon Musk to board

Matthew Fox

The top executives at Hollywood super-agency Endeavor could rake in a total of $1.5 billion from its upcoming IPO

Daniel Strauss

Hollywood conglomerate Endeavor cancels public offering at last minute amid broader IPO-market struggles

Ben Winck

Popular Keywords

Buying Guides