EDR - UFC Parent Endeavor Will IPO Today. Here's What Investors Need to Know.
While the company isn't necessarily a household name, Endeavor Group Holdings (NYSE: EDR) is the parent company of several high-profile entities, including the mixed martial arts league Ultimate Fighting Championship (UFC), the William Morris Talent Agency, and the Miss Universe pageant.
Endeavor is scheduled to begin trading on the New York Stock Exchange today using the ticker "EDR." The stock was priced at $24 at the high-end of the company's range of $22 to $24 per share. The company will offer 21.3 million shares and raise roughly $511 million from the offering. Endeavor will also pocket an additional $1.35 billion from a concurrent private placement with institutional investors. This will value the company at about $6 billion.
Image source: Getty Images.
For further details see:
UFC Parent Endeavor Will IPO Today. Here's What Investors Need to Know.