Endeavor Group Holdings Inc, an entertainment and talent agency, has filed Amendment No 1 to Form S-1 Registration Statement on April 20, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $501 million by offering 21.3 million shares at a price range of $23 to $24. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $10.3 billion.
The company operates premium sports properties, including the UFC, produces and distributes sports and entertainment content, owns and manages exclusive live events and experiences, and represents top sports and entertainment talent, as well as blue-chip corporate clients.
The Beverly Hills, California-based company was founded in 1995 and booked $3.5 billion in revenue for the 12 months ended December 31, 2020. It plans to list on the NYSE under the symbol “EDR.” Morgan Stanley, Goldman Sachs, J.P. Morgan, KKR, Deutsche Bank, Barclays, Citi, Credit Suisse, Evercore ISI, HSBC, Jefferies, Moelis & Company, Piper Sandler, RBC Capital Markets and UBS Investment Bank are underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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