UnderGround Forums Ari Emanuel’s Endeavor kills IPO for second time

16 days ago
12/3/08
Posts: 21369

UFC parent company Endeavor has killed its initial public offering, for the second time.

Trading was expected to begin today, but orders came in as low as $20 per share, which would give the company a market cap of $4.9 billion. A 2017 funding round garnered $32 a share, giving the company a value of $8 billion. The drop would also be reflected in CEO Ari Emanuel’s net worth. Ari, who inspired the Ari Gold character on HBO’s “Entourage” TV show, holds 39.6 million Endeavor shares, together with executive chairman Patrick Whitesell. The worth of those shares at $20 per share is about $800 million, nearly $500 million less than they were valued in 2017.

Further, Emmanuel watched Peloton's stock drop 11% in its stock debut on Thursday.

“[Emanuel] made it clear the IPO was undervaluing the company,” said a source, as quoted by Wellston Journal. There will be no further Endeavor IPO attempts until at least next year.

Endeavor also pulled a planned IPO in late September, again the day before, again amidst concerns that investors were cool on the stock and given the weakening of the broader IPO market.

16 days ago
8/6/08
Posts: 38506

No ari, your company is worth the amount the market was willing to pay for it. So the entire company is worth less than what they bought the ufc for.

16 days ago
12/9/13
Posts: 26624

Dana white is almost catching ari's networth

16 days ago
8/7/12
Posts: 11650
Morpheus1976 -

Dana white is almost catching ari's networth

No he is not. He isnt even in the same zip code. 

16 days ago
12/1/10
Posts: 4359
baj54 - 
Morpheus1976 -

Dana white is almost catching ari's networth

No he is not. He isnt even in the same zip code. 


in net liquid assets you might be surprised.
16 days ago
7/21/18
Posts: 715
baj54 -
Morpheus1976 -

Dana white is almost catching ari's networth

No he is not. He isnt even in the same zip code. 

Dana’s net worth is higher according to one of those celebrity net worth sites. How much of a reliable source it is, I’m not sure

16 days ago
8/20/03
Posts: 148645
gokudamus -

No ari, your company is worth the amount the market was willing to pay for it. So the entire company is worth less than what they bought the ufc for.

This.

They better keep it private for a while to attempt to slowly recoup some of the sticker price before they go public.

The only reason they would want the IPO I think is so that they can pump some liquidity into the company but I don't think it has the legs to be worth what it was they paid.

If they keep it private for a bit and pay down the debt, then they should be ok the next IPO they try.

16 days ago
9/22/16
Posts: 18733
Nearly all of Ari's net worth is tied up in the value of his company. Dana has already cashed out, and is still getting paid. It's likely closer than people would expect.
16 days ago
1/26/08
Posts: 17856
baj54 -
Morpheus1976 -

Dana white is almost catching ari's networth

No he is not. He isnt even in the same zip code. 

Dana is liquid and Aris is mainly in stock.

16 days ago
7/8/06
Posts: 12924

Do you want to be a fucking IPO?

15 days ago
6/3/18
Posts: 1273