Endeavor Reportedly Preps For IPO

LOS ANGELES (CelebrityAccess) Endeavor, the parent company of Big Four agency WME, is planning on launching an initial public offering by the end of the year, the Wall Street Journal reported Friday, citing people familiar with the matter.

The company has filed or is about to file confidential paperwork for an IPO with the Securities and Exchange Commission for the second half of the year, the WSJ reported. Endeavor, valued at around $4 billion this time last year, could exceed that in the listing, people told the paper.

The agency, which also owns Ultimate Fighting Championship, had sought $400 million from Saudi Arabia’s public investment fund but backed away from it after the murder of Saudi journalist Jamal Khashoggi.

Endeavor, which has not commented on the story, has annual revenues of $330.87 million according to information website Owler.

The post Endeavor Reportedly Preps For IPO appeared first on CelebrityAccess.

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