Endeavor reportedly pulling its IPO after Peloton struggles
Endeavor Group Holdings Inc. EDR, +0.00% is halting its initial public offering, which was expected to price within hours, after Peloton Interactive Inc.
shares struggled in their first day on the public market Thursday. The Wall Street Journal, citing anonymous sources, reported Thursday afternoon that Endeavor - an entertainment powerhouse that owns sports and modeling agency IMG and mixed-martial-arts organization UFC, among other properties - will pull its IPO, which it had planned to scale back earlier in the day.
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