Endeavor’s planned IPO scheduled to launch Friday on the New York Stock Exchange has been pulled, Deadline has confirmed. The company, which sources say still plans to go public, does not hav…
scheduled to launch Friday on the New York Stock Exchange has been pulled, Deadline has confirmed. The company, which sources say still plans to go public, does not have a timeline for a rescheduled launch, but we hear it will not happen before the end of 2019.
The news comes amid insecurity in the IPO market, most recently witnessed via turbulent starts for the likes of Uber, Lyft and today the fitness company Peloton, which dropped 11% in its first trading session. Sources say after that performance, the concern among Endeavor’s primary players was that the company would be undervalued.
There have been reports in recent days suggesting demand for the stock has been lower than anticipated. In that environment, the often brash Endeavor has been in a mandatory quiet period before the offering.
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