EDR - UFC parent Endeavor Group's IPO prices at top-of-range $24/share

Hollywood mogul Ari Emanuel’s Endeavor Group Holdings (EDR), the parent company of the UFC mixed-martial arts league, Miss Universe competition and other top entertainment properties, saw its IPO price at a top-of-range $24 late Wednesday.The company, whose shares will begin trading Thursday on the New York Stock Exchange under the symbol “EDR,” sold 21.3M shares as expected. It also granted underwriters the option to buy as many as about 3.2M more for overallotments.Additionally, Dragoneer Investment Group, Elliott Investment Management, Fertitta Capital, Fidelity, New England Patriots parent Kraft Group LLC, Michael Dell’s MSD Capital, Silver Lake and other A-list investors have agreed to a roughly $1.8B private placement. The investors plan to buy a total of 74.5M shares from Endeavor and pre-IPO investor KKR.In addition to such top investors’ involvement, Endeavor has previously disclosed that Tesla founder Elon Musk will serve on its board.Endeavor owns a range of top entertainment properties.

For further details see:

UFC parent Endeavor Group’s IPO prices at top-of-range $24/share