By Colin Kellaher

 

Endeavor Group Holdings Inc. on Tuesday said it plans to sell 21.3 million shares at between $23 and $24 apiece in its initial public offering.

The Beverly Hills, Calif., company, which plans to take full ownership of Ultimate Fighting Championship as it transforms from a talent agency to a media conglomerate, said it also plans to sell about 56.3 million shares in a concurrent private placement to an investment group.

At the $24 high end of the pricing range, Endeavor said it expects net proceeds of about $1.79 billion from the IPO and private placement, or roughly $1.86 billion if the underwriters exercise an option to buy an additional 3.2 million shares.

Endeavor said an investment group that includes Capital Research & Management Co., Coatue Management LLC, Dragoneer Investment Group LLC, Elliott Investment Management L.P., Fertitta Capital, Fidelity Management & Research Co., Kraft Group LLC, MSD Capital L.P., Mubadala Investment Co., Silver Lake, Tako Ventures LLC, Tencent, Third Point LLC and Zeke Capital Advisors LLC, also plans to buy about 18.2 million shares from current shareholder KKR & Co.

Endeavor said it has applied to list its shares on the New York Stock Exchange under the symbol EDR.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 20, 2021 09:55 ET (13:55 GMT)

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