The New York Post reports that Endeavor’s IPO is facing a weak opening. The company goes public on Friday. Earlier this week, the company anticipate to price the IPO at $30-$32 per share as it will open on the New York Stock Exchange under the EDR ticker symbol. However, the New York Post reports that […]
financial
Endeavor to launch IPO this Friday
Endeavor Group Holdings intends to launch its IPO this Friday, September 27th. The company plans to price the IPO at $30-$32 per share trading on the New York Stock Exchange under the EDR ticker symbol. The company is backed by Silver Lake among other underwriters and is targeting an $8 billion valuation per The Financial […]
Report: Zuffa obtains new loan, 2nd Quarter earnings over $700M
Reuters reports that Zuffa will be adding a $465M loan to its existing $1.875 billion loan as the company has benefited from its media rights deal with ESPN. Per Moody’s, revenues as of the second quarter of 2019 have the company clearing over $700 million. The boon for the UFC comes from its expanded media […]
Endeavor IPO delayed until fall
The Wall Street Journal reports that Endeavor, the company which owns the UFC, is postponing its IPO until September as it awaits a deal to buy a premium-hospitality and live-events company in hopes of showing investors that it is diversifying its portfolio. The news comes at a time when the market is hot and little […]
UFC Holdings follows market trend of reducing ‘debt cushion’
The Wall Street Journal reported late last month that the UFC was paying off its junior loan utilizing a senior one in order to reduce its overall debt load. The move comes on the heels of an exclusive PPV deal with ESPN and the lack of concern that the Federal Reserve will raise interest rates. […]