Endeavor is putting the IPO plans on hold
Entertainment company and talent agency Endeavor has put a line at the last minute due to its plans for an IPO. The American company would not have gotten investors interested in purchasing shares.
The IPO of Endeavor, owner of the Ultimate Fighting Championship (UFC) for example, would have involved around $ 405 million. According to sources, a new attempt will be made at the earliest next year.
The management of the company is said to have been shocked by the Peloton Interactive stock market flop. The maker of special fitness equipment closed his first day at the New York stock market under the opening price. In any case, the climate for IPOs has diminished due to continuing uncertainty in the markets. Issues such as the Brexit, trade war and geopolitical tensions play a role here.