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April 29, 2021, 11:31 a.m. EDT

William Morris and UFC parent Endeavor's shares up 12% in trading debut

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By Ciara Linnane

EDR

Shares of entertainment powerhouse Endeavor Group Holdings Inc. /zigman2/quotes/214253748/composite EDR +1.02% rose 12% in their trading debut Thursday, after the company's initial public offering priced at $24 a share, the high end of its $23 to $24 range. The parent of William Morris, IGM and UFC sold 21.3 million shares to raise about $511 million at a valuation of more than $10 billion. It will raise an additional $1.8 billion from institutional investors to finance a full takeover of UFC. Shares were last up 8%. A previous effort to complete an initial public offering was canceled in October of 2019, following pushback from investors who were put off by its complicated finances at a time when other deals were flopping.

/zigman2/quotes/214253748/composite
US : U.S.: NYSE
$ 22.77
+0.23 +1.02%
Volume: 1.37M
May 27, 2022 4:00p
P/E Ratio
1,026
Dividend Yield
N/A
Market Cap
$15.70 billion
Rev. per Employee
$711,934
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