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MMA Fighting Share this story Photo by David Becker/WireImage Endeavor, the UFC’s parent company, raised $511 million during its initial public offering (IPO) on Thursday with its stock up five percent from the opening price. When the stock market closed on Thursday, Endeavor Group Holdings (EDR on the New York Stock Exchange) was trading at $25.20 per share, up from $24 at the market’s open. According to Market Watch, “the company EDR, +5.00% sold 21.3 million shares, priced at $24 each, the top of its proposed price range of $23 to $24, raising about $511 million at a valuation of more than $10 billion.” All told, the planned IPO has to be seen as a huge success for Endeavor CEO Ari Emanuel and the other partners in the company after plans for a similar launch were scrapped in 2019.

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