The latest industry news to your inbox.


I'd like to hear about marketing opportunities


I accept IQ Magazine's Terms and Conditions and Privacy Policy


Endeavor could raise $700m+ with 2019 IPO

WME's parent company is expected to make available at least 19m shares when it goes public, worth at least $580m – and potentially as much as $712m

By Jon Chapple on 17 Sep 2019

WME ups pay for assistants

Endeavor CEO Ari Emanuel

image © Endeavor

WME Entertainment owner Endeavor could raise as much as US$712 million with its flotation later this year, according to the company’s latest filing with the US Security and Exchange Commission (SEC).

An amendment yesterday to Endeavor’s ‘form S-1’ –the document filed by American companies ahead of an initial public offering (IPO) – reveals the agency giant believes the value of its first 22m shares of class-A common stock could exceed $700m when they begin trading in late 2019.

Endeavor Group Holdings, Inc., the parent company of WME, sports agency IMG and martial-arts promoter Ultimate Fighting Championship (UFC), among other businesses, formally declared its intention to go public in May, with an initial valuation of $100 million ($100m is typically used in US as a placeholder before revealing the final figure).

Endeavor files $100m public offering

TheWrap reports that Endeavor reached its estimate by multiplying 22m registered shares by $32 apiece, which is the high end of what it expects to sell its stock for (the low end is $30). “Likely, however, Endeavor will only release 19-million-plus shares at the time of its initial public offering, an individual with knowledge of the plan tells TheWrap,” according to the site. “At $30 per share, that would raise just under $581 million. At $32, that figure jumps to more than $619 million.”

The IPO was originally planned for this summer, according to TheWrap, but was delayed while Endeavor acquires corporate hospitality company On Location Experiences.


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

Comments are closed.