UFC owner Endeavor prices IPO at $10 billion valuation

[RaginCajun]

Endeavor, which owns just over half of the Ultimate Fighting Championship, aims to sell 21.3 million shares priced at $23 to $24 a share.
Zuffa LLC via Getty Images
Ari Emanuel’s entertainment giant Endeavor said Tuesday that it is hoping to raise $511.2 million in an initial public offering that will value the Beverly Hills, Calif.-based company at more than $10 billion.

Endeavor, which owns just over half of the Ultimate Fighting Championship, as well as the Hollywood agency WME and the Miss Universe pageant, said in a filing with the Securities and Exchange Commission Tuesday that it aims to sell 21.3 million shares priced at $23 to $24 a share.

Endeavor said it will also hold a private sale of preferred shares to raise about $1.7 billion in order to buy out the remaining 49.9 percent of UFC that it does not already own.

UFC owner Endeavor prices IPO at $10 billion valuation

Ari Emanuel’s entertainment giant Endeavor said Tuesday that it is hoping to raise $511.2 million in an initial public offering that will value the Beverly Hills, Calif.-based company at more…

nypost.com

 

[jimmy boogaloo]

go Ari!

 

[DarthBader]

Get the venture capitalists from Triller, I'm sure they would want to throw money at a product that's actually sustainable longevity wise. Anyway they tried to do this twice before and it failed, not sure why they are trying again now, perhaps desperate for money? Doesn't seem like the whole thing is running smoothly, they have too much debt and probably needs to pay off some of that giant interest on that debt. Last time i checked the money from the UFC's tv deal doesn't even cover the interest of their yearly debt.

Gonna be interesting if they can get some potential new investors with Elon or perhaps sell a share to Snoop and his friends (joke I know he doesn't really own Triller).

 

[RaginCajun]

Get the venture capitalists from Triller, I'm sure they would want to throw money at a product that's actually sustainable longevity wise. Anyway they tried to do this twice before and it failed, not sure why they are trying again now, perhaps desperate for money? Doesn't seem like the whole thing is running smoothly, they have too much debt and probably needs to pay off some of that giant interest on that debt. Last time i checked the money from the UFC's tv deal doesn't even cover the interest of their yearly debt.

Gonna be interesting if they can get some potential new investors with Elon or perhaps sell a share to Snoop and his friends (joke I know he doesn't really own Triller).

I know @Splinty was talking about buying it but now that they let PVZ go, I don't think his interested anymore.

I think now he is going to invest in airboats...

Spoiler

 

[kneeblock]

With luck we're getting closer by the day to Dana being fired.

 

[BeardOfKnowledge]

With luck we're getting closer by the day to Dana being fired.

I can't wait until we trade the greedy fight promoter for the greedy guy who doesn't care of combat sports exist.

 

[ECC170]

It'll be funny when zuffa buys it bk for half..I seen Terry Treblecock do this in a much smaller scale, but bk when Pro Elite was literally buying up tons of promotions to use for ELITEXC..Iirc Terry sold the Kotc for 4 million cash then Another few million in cash and stock.. Only half of that was paid but Terry made out great getting a few million, only to Buy it back for far less.. So they gave him a few mill to borrow his org for a couple years..I personally loved those years when i was employed with KOTC/EliteXc/pro Elite.. Fighting and tons of Promotion work for mma and Showtime Boxing.. There might be months i would've been gone 20+ days of the month going event to event but going home..fight then promote a few shows, go fight in other shows then fight in kotc again.. Then signed to ELITEXC as a fighter and they offered me a promotion gig (promoted almost every show they had including their first ever card with renzo Gracie vs frank Shamrock and Kedzie vs Carano being the first monumental fight for women's MMA in america and seeing Kj noons get humbled and decapitated by Krazy Horse was surreal..Noons was coming off by winning Prides rising star TOURNAMENT and was having a good pro boxing career going..
At weigh ins Noons went full Triggered and started telling into the mic at weigh ins "I'M GOING TO PUT YOUR GOLD FKN TEETH ON EBAY BITCH" over and over ruining the moment in heavenky scenery in the form in Gina in her underwear and bra trying to make weight... I was making 750 a week including Per diem(250 for food and paid hotels.. So at 20-24 i made money then I do now and it's sad lol . No kids, had roommates and split bills so making 50k a year being a single guy who's fighting, and actually better off than most guys who are trying to get bye and train.. I was blessed to get to train at all the premier gyms in the city wherever the events were held! Got to travel the country doing what many would love to do..

 

[steroid to heaven]

i thought the new owners would bankrupt it

 

[RaginCajun]

i thought the new owners would bankrupt it

It's a cash cow now. ESPN has to pay them whether a ppv sells well or not. On top of that every aspect of the sport has been sold as a advertisement that only benefits the company, there are even commercials during pay-per-views.

 

[Robbie Hart]

With luck we're getting closer by the day to Dana being fired.

You’ll miss him when he’s gone, he’s fun to watch and what other companies executive gives you access to his opinions

very few

 

[kneeblock]

You’ll miss him when he’s gone, he’s fun to watch and what other companies executive gives you access to his opinions

very few

Too many executives give access to their opinions. Dana just does it in the most belligerent manner possible. I agree there will be things to miss about him and I at least don't doubt his love for the sport, but we're well into the what's love got to do with it era of MMA.

 

[DarthBader]

You’ll miss him when he’s gone, he’s fun to watch and what other companies executive gives you access to his opinions

very few

That's like saying people are gonna miss Don King, I dont give a crap about the promoters, I just wanna see good fights, I dont need to see Dana being the brands identity and frontman, I could easily do with someone more professional who is gonna make the fighters the main focus and not himself.

 

[Hwoarang]

Endeavor said it will also hold a private sale of preferred shares to raise about $1.7 billion in order to buy out the remaining 49.9 percent of UFC that it does not already own.

I don't know how they fluff the numbers to rip layman's off, but $1.7 billion for half the company...doesn't this value the company at $3.4 billion? How'd they get a $10billion figure? How this make any sense?

So one half valued at $1.7B -targeted to the rich,
and the other half valued at $8.3B targeting the hillbilly fans so they can say they own part of the UFC???

 

[RaginCajun]

UFC owner and CEO Ari Emanuel-
“Actually, because of the fight – even though our Chinese champion lost, Li Na – there was over a billion video views out of China.”


Who tf is Li Na?

 

[Sheepdog]

UFC owner and CEO Ari Emanuel-
“Actually, because of the fight – even though our Chinese champion lost, Li Na – there was over a billion video views out of China.”


Who tf is Li Na?

A retired female tennis player who was the first Asian to win a grand slam, and exploded the popularity of tennis in China.

Clearly in between hoovering up coke off rent boys' asses, the talent agents have been throwing around that name saying that Zhang 'could be like our Li Na' and that's why it was in his head.

Only dipshit forgot the name of his actual fighter because he couldn't give a shit about them.

 

[SuperPig]

I don't know how they fluff the numbers to rip layman's off, but $1.7 billion for half the company...doesn't this value the company at $3.7 billion? How'd they get a $10billion figure? How this make any sense?

So one half valued at $1.7B -targeted to the rich,
and the other half valued at $8.3B targeting the hillbilly fans so they can say they own part of the UFC???

End is more than just the UFC. They have their hands in a lot of pots.

 

[Sheepdog]

End is more than just the UFC. They have their hands in a lot of pots.

A lot of unprofitable pots. The UFC is the one solid foundation holding up a house of cards.

 

[Dick Niaz]

Did any of you wolves of Wall St pick up shares?

 

[kneeblock]

Did any of you wolves of Wall St pick up shares?

I did, but not to make money. Only so I can say I own the UFC.

 

[Dick Niaz]

I did, but not to make money. Only so I can say I own the UFC.

 

[homo fagit]

I did, but not to make money. Only so I can say I own the UFC.

Sign me and @conor mcgregor nut hugger

 

[member 3289]

Sign me and @conor mcgregor nut hugger

I have no stand-up training at all but I'm a wizard on the ground.

Give me 6 months to get in fighting shape and drill some striking defense and I'll be able to beat Blachowicz.

 

[Judobill]

Did any of you wolves of Wall St pick up shares?

I gabbed a few shares for fun.

 

[mysticmac]

The stock is for Endeavor though, not just the UFC. The valuation is for Endeavor. The UFC is a big part of their business, but they have a number of holdings.

 

[Dick Niaz]

The stock is for Endeavor though, not just the UFC. The valuation is for Endeavor. The UFC is a big part of their business, but they have a number of holdings.

That is actually why I didn’t buy-in. I would gamble on the future of the UFC based purely on their growth opportunities in certain global markets but after realizing that I would also technically be investing in the future prospects of Ben Affleck, Elliot Page, and Whoopi Goldberg, I decided not to.