Endeavor, the UFC’s parent company, raised $511 million during its initial public offering (IPO) on Thursday with its stock up five percent from the opening price.
When the stock market closed on Thursday, Endeavor Group Holdings (EDR on the New York Stock Exchange) was trading at $25.20 per share, up from $24 at the market’s open.
According to Market Watch, “the company EDR, +5.00% sold 21.3 million shares, priced at $24 each, the top of its proposed price range of $23 to $24, raising about $511 million at a valuation of more than $10 billion.