Endeavor Group Holdings, a global entertainment production company and talent agency, postponed its IPO on Thursday.
Earlier on Thursday it lowered its terms, planning to raise $398 million by offering 15 million shares at a price range of $26 to $27. It originally filed to raise $600 million by offering 19.4 million shares at $30 to $32.
The Beverly Hills, CA-based company was founded in 1995 and booked $4.2 billion in sales for the 12 months ended June 30, 2019. It had planned to list on the NYSE under the symbol EDR. Goldman Sachs, KKR, J.P. Morgan, Morgan Stanley, Deutsche Bank, Barclays, Citi, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Evercore ISI, Jefferies and HSBC Corporation were set to be the joint bookrunners on the deal.
