Endeavor Sets IPO at 21.3 Million Shares; Sees Pricing at $23-$24 Each
April 20 2021 - 10:10AM
Dow Jones News
By Colin Kellaher
Endeavor Group Holdings Inc. on Tuesday said it plans to sell
21.3 million shares at between $23 and $24 apiece in its initial
public offering.
The Beverly Hills, Calif., company, which plans to take full
ownership of Ultimate Fighting Championship as it transforms from a
talent agency to a media conglomerate, said it also plans to sell
about 56.3 million shares in a concurrent private placement to an
investment group.
At the $24 high end of the pricing range, Endeavor said it
expects net proceeds of about $1.79 billion from the IPO and
private placement, or roughly $1.86 billion if the underwriters
exercise an option to buy an additional 3.2 million shares.
Endeavor said an investment group that includes Capital Research
& Management Co., Coatue Management LLC, Dragoneer Investment
Group LLC, Elliott Investment Management L.P., Fertitta Capital,
Fidelity Management & Research Co., Kraft Group LLC, MSD
Capital L.P., Mubadala Investment Co., Silver Lake, Tako Ventures
LLC, Tencent, Third Point LLC and Zeke Capital Advisors LLC, also
plans to buy about 18.2 million shares from current shareholder KKR
& Co.
Endeavor said it has applied to list its shares on the New York
Stock Exchange under the symbol EDR.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 20, 2021 09:55 ET (13:55 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
KKR (NYSE:KKR)
Historical Stock Chart
From Aug 2024 to Sep 2024
KKR (NYSE:KKR)
Historical Stock Chart
From Sep 2023 to Sep 2024