ENDEAVOR LOOKS TO MAKE BANK
Posted: 100519

UFC majority owner Endeavor (formerly WME-IMG) is set to go public with the possibility of earning about $700 million dollars from its initial public offering. That was their initial plan but they had to complete a deal to buy the live events company On Location Experiences LLC. Endeavor has registered more than 22 million shares of Class A common stock shares, which could sell for $30 to $32 per share. If that happened then the company would raise around $712 million and use that money to buy down the debt from the $4 billion UFC purchase in 2016. The UFC is projected to produce revenue of just under $1 billion in 2020.

Last Time...