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Abstract:Endeavor Group filed to go public earlier this week in an effort to raise as much as $619 million at a $7.6 billion valuation.
Endeavor Group, a Hollywood super-agency, filed for an initial public offering earlier this week aiming to raise as much as $619 million at a $7.6 billion valuation.
Ari Emanuel and Patrick Whitesell — the firm's top two executives — and a small group of other company insiders could take in close to $1.5 billion if the shares are listed at the middle of its estimated range, according to Bloomberg.
If Endeavor's listing is successful, it would be largest publicly-traded talent agency.
Endeavor Group, one of the most dominant talent agencies in Hollywood, is getting ready to go public and a small group of company insider could take home more than a billion dollars if the listing is successful.
Endeavor top two executives, Ari Emanuel and Patrick Whitesell, and other senior management could rake in a combined $1.5 billion if the company's shares lists at the middle of its $30 to $32 target range, according to Bloomberg.
The company is looking to raise $619 million at a $7.6 billion valuation. If the IPO is successful, it would make Endeavor the largest publicly-traded talent agency.
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Emanuel and Whitesell, who built the agency and led it to secure deals to purchase the United Fighting Championship for $4 billion in 2016 and to merge with the William Morris Agency in 2009, are poised to receive millions in salary and bonuses for several years.
Emanuel, who serves as the chief executive officer of Endeavor, could earn as much as $28 million in additional stock if the company's valuation exceeds $7.53 billion. He's also eligible to earn equity payouts throughout the next decade worth up to $14 million each if the company's market value hits specific targets, according to Bloomberg.
Endeavor is expected to list on the New York Stock Exchange under the ticker “EDR.”
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