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# Entertainment conglomerate Endeavor prices IPO at $24, to raise $511 million

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Entertainment conglomerate Endeavor prices IPO at $24, to raise $511 million
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Los Angeles-based entertainment powerhouse Endeavor Group Holdings Inc. priced its initial public offering at $24 a share late Wednesday, at the top of its expected range.

The company said it will offer 21.3 million shares, raising about $511 million, and it will raise an additional $1.8 billion from institutional investors, according to a Securities and Exchange Commission filing. Endeavor is valued at a little over $6 billion.

Endeavor owns the William Morris talent agency, sports and modeling agency IMG and mixed-martial-arts company UFC.

Read more: William Morris parent Endeavor filed for an IPO again, and it’s adding Tesla’s Elon Musk to its board

It is scheduled to start trading Thursday on the New York Stock Exchange under the ticker symbol “EDR.”

There are 21 banks underwriting the deal, led by Morgan Stanley, Goldman Sachs, JP Morgan and Deutsche Bank.

Mike Murphy

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