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WME company abandons IPO

UNITED STATES               -
World News
October 11, 2019

Endeavor Entertainment (WMEE), cancelled its IPO on 26 September, a day before its planned  issuance in what was weak demand in a soft IPO market.

In a statement, Endeavor said: “Endeavor will continue to evaluate the timing for the proposed offering as market conditions develop.”

On 26 September, Endeavor lowered its offering price from $30 to $32 a share to $26 to $27 share and cut the number of shares offered from 19.3 million to 15m.

William Morris Entertainment  (WME) and Endeavor Agency merged in 2009.

Some of William Morris  clients include Adele, Pearl Jam, Garth Brooks, Morrissey, Neil Diamond, Bjork, Hugh Jackman, Jethro Tull, Eric Church and others.  WME also owns Ultimate Fighting Championship and the Miss Universe pageant.

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