WME parent company Endeavor targets $511m for IPO: Variety

Endeavor, parent company of talent agency WME, is seeking to raise about $511 million for its IPO, valuing the company at about $10 billion, reported Variety.

Endeavor, parent company of talent agency WME, is seeking to raise about $511 million for its IPO, valuing the company at about $10 billion, reported Variety. Citing an SEC filing, the entertainment news outlet noted that Endeavor aims to sell about 21.3 million shares priced at $23 to $24 per share. Endeavor’s backers include Tencent, Elliott Investment Management, Mudabala Investment Co., Capital Research and Management, Third Point, Tako Ventures, Zeke Capital Advisors and Silver Lake Partners.

Source: Variety