Entering text into the input field will update the search result below

Endeavor Begins U.S. IPO Process


  • Endeavor has filed to raise $100 million in an IPO although the final figure may be higher.
  • The firm provides talent management services for individuals and content production and management services for brands.
  • EDR has grown topline revenue but operating margin has dropped to negative territory and the firm has a heavy debt load.
  • Looking for a community to discuss ideas with? IPO Edge features a chat room of like-minded investors sharing investing ideas and strategies. Start your free trial today »

Update, June 7, 2019, 3:30 p.m.: This article has been updated and corrected after an Endeavor representative pointed to clarifications within the amended S-1.

Quick Take

Endeavor (NYSE:EDR) has filed to raise gross proceeds of $100 million from a U.S. IPO of its Class A common stock, according to an S-1 registration statement.

The firm provides global entertainment representation and content production and management for brands.

EDR is a private equity-backed firm that is growing topline revenue but showing worsening operating metrics and has a significant debt load.

Company & Customers

Beverly Hills, California-based Endeavor was founded in 1995 as a global celebrity sports and brand agency.

Management is headed by CEO Ariel Emanuel, who was previously Senior Agent at International Creative Management.

Besides providing access to talent, such as actors, musicians, models, athletes and writers, Endeavor also provides content production and management services to various consumer product companies, sports federations and properties, global broadcasters, digital companies, television shows, films, books, podcasts as well as video games.

The firm's assets include UFC, Professional Bull Riders, as well as the Miami Open and Frieze.

Selling, G&A expenses as a percentage of revenue have been dropping as revenue has increased, per the table below:

Selling, G&A

Expenses vs. Revenue









Sources: Company registration statement and IPO Edge

Market & Competition

According to a 2018 market research report by IBIS World, the US celebrity and sports agents market was expected to reach $11 billion in 2018, growing at a CAGR of 5% between 2013 and 2018.

The main factor driving market growth is the increase in disposable income from consumers of media and products.

The market depends on the vitality of many entertainment and sports industries, which depends on the aggregate consumer spending

Members of IPO Edge get the latest IPO research, news, and industry analysis for all U.S. IPOs. Get started with a free trial!

This article was written by

Donovan Jones profile picture

I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. Start with a 14-day Free Trial.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (1)

So glad that Ari Gold (er, Emmanual) can finally get a real payday!

Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.