Endeavor, a Hollywood talent agency that currently owns 50.1 percent of the UFC, will increase its stake in the company to 100 percent.
ESPN'sMarc Raimondi reported on an SEC filing which states that Endeavor will raise a minimum of $1.75 billion to purchase a 100 percent stake in UFC prior to the initial public offering.
Lorenzo and Frank Fertitta sold a majority stake in UFC to Endeavor (formerly known as WME-IMG) in Jily 2016.
A UFC spokesperson declined comment to Raimondi.
The deal will also include a buyout of numerous private equity firms, with Damon Martin of MMA Fighting explaining:
"When Endeavor closed a deal to obtain a controlling interest in the UFC back in 2016 for just over $4 billion, the company partnered with several private equity firms to help raise the cash for the sale.