After much anticipation, Endeavor Group Holdings, owner of the powerful WME talent agency, appears set for an initial public offering this fall, with a valuation of $8 billion.
Backed by private equity firm Silver Lake Partners, Endeavor was originally expected to have launched its public offering this summer, but reportedly postponed those plans in order to finalize itsIn anticipation of the upcoming offering, in August, the company released its second-quarter filings, reporting its year-over-year revenue was up 33% from $780.7 million to $1.04 billion over the three-month period ending in June.
Endeavor would be the first talent agency to go public and, as such, has been the subject of much speculation, in large part because of the heavy debt load the company is carrying and the volatile nature of many of its businesses. According to its second-quarter financial filings, its long-term debt totaled $4.6 billion with liabilities of $7.2 billion and cash on hand of $830.9 million.
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