Trading has begun for Endeavor’s IPO, opening at $24 per share. The New York Stock Exchange heralded the event by letting Ari Emanuel ring the opening bell.
The owner of WME, Ultimate Fighting Championship and Miss Universe offered 21.3m shares of Class A common stock. It expects to raise more than $500m.
The company was slated to go public last year but Emanuel made an 11th-hour call to put the brakes on the deal.
JENNIFER KNOEPFLE: THE HITS INTERVIEW
A publishing all-star tells her story. (5/8a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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