Endeavor — the parent company to the UFC — is seeking to raise more than $620 million with an initial public offering (IPO) later this year.
According to new financial documentation filed by the company, Endeavor expects a sale price between $30 to $32 per share when the organization goes public with the IPO. The company believes the sale of 19.4 million shares will raise more than $600 million with nearly 3 million more shares potentially being offered to underwriters for the IPO.
Endeavor, which originally started as a powerhouse talent agency in Hollywood, plans on using $500 million of the money raised to pay down outstanding debts on the company’s balance sheet.