CPPIB-backed Endeavor seeks $619 mln from IPO: Reuters

Endeavor Group Holdings Inc, a Beverly Hills, California-based talent agency and events company, is looking to raise up to US$619 million from an initial public offering (IPO), according to a report by Reuters.

The IPO, which will be launched on the New York Stock Exchange, could value Endeavour at as much as US$7.8 billion, the report said.

Endeavor, formerly known as William Morris Endeavor Entertainment LLC (WME/IMG), is backed by Canada Pension Plan Investment Board (CPPIB), Silver Lake Partners and other investors. Two years ago, CPPIB agreed to invest US$400 million in the business.