Want To Own A Piece Of The UFC?
Less than three years since the UFC was purchased by Endeavor, the 26-year old’s parent company will be made available on the New York Stock Exchange.
On Monday, Endeavor CEO Ari Emanuel and executive chairman Patrick Whitesell announced that the company, which also acts as one of the most powerful agencies in Hollywood, and owns a litany of other assets, will launch their initial public offering on September 27th and will trade under the symbol EDR.
Endeavor has priced shares between $30-$32 per share with 19 million Class A shares, with Emanuel, Whitesell, and their financial partners at Silver Lake maintaining voting control of the company, avoiding a possible hostile takeover.
Per a report from MMA Fighting, the IPO will raise over $600 million, which will go towards operating capital and pay down Endeavor’s debts for the company valued at $8 billion.
“[We have] a bird’s eye view on a global basis to know what’s out there,” Emanuel stated in the video. ”I’m way out in front of you by miles and miles.”
Initial Report: MMA Fighting