Endeavor Sets Share Price of $24 Ahead of Thursday’s IPO
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variety.comGene Maddaus Senior Media WriterEndeavor has set a share price of $24, the final step before the media conglomerate goes public on the New York Stock Exchange on Thursday.The company had previously announced that it would seek to raise about $511 million at a share price of $23-$24.
The company will be listed on the exchange under the ticker symbol “EDR.”Endeavor relies heavily on live entertainment, and the pandemic caused revenue to decline by $1.1 billion in 2020, according to the company’s prospectus.
Endeavor reported a net loss of $625.3 million last year, up from a net loss of $530.7 million for 2019.The prospectus warned potential investors that the COVID-19 pandemic continues to pose a considerable risk to the company. “As an.
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