Endeavor Pushes Planned IPO Until September or Later

Endeavor Group Holdings is pushing the date for its planned initial public offering to September or later as the company looks to close an acquisition ahead of going public, according to an individual familiar with the situation. The company, which operates one of Hollywood’s premier talent agencies in William Morris Endeavor, had previously planned to list its shares on the New York Stock Exchange this summer. In addition to WME, Endeavor owns the Ultimate Fighting Championship and the Miss Universe Pageant, and is looking to diversify its business with an acquisition of live-events company On Location Experiences LLC for as much as $700 million. Endeavor leadership also hopes to garner a higher valuation by touting its second-quarter earning results and renegotiated contracts for soccer events, the individual said. A rep Endeavor declined to comment. Also Read: Endeavor Files With SEC to Become Publicly Traded Company Endeavor hasn’t publicly disclosed how much it’s planning to raise in a public offering, but the insiders told the Wall Street Journal (which first reported the news) that the company hopes to raise roughly $500 million and seek a valuation of between $7 billion and $8 billion. In 2012, Endeavor, then called William Morris Endeavor...