Endeavor believes its IPO will value the company’s first batch of publicly available Class A common stock shares at as much as $712 million, according to a Monday filing with the Securities and Exchange Commission (SEC).
They came to that number by multiplying more than 22 million registered shares by $32 apiece. That represents the high end of what Endeavor expects its stock to sell for. The low end is $30.
Likely, however, Endeavor will *only* release 19-million-plus shares at the time of its initial public offering, an individual with knowledge of the plan tells TheWrap. At $30 per share, that would raise just under $581 million.