UFC parent company Endeavor will not be going public on Friday, Sept. 27, as initially scheduled.
The entertainment conglomerate headed up by Ari Emanuel and Patrick Whitesell had already dropped the price of their stocks for the initial public offering from $30-to-$32 per share to $26-to-$27 per share while also lowering the total number of shares that were going to be released.
Now Endeavor has completely yanked their upcoming IPO from its scheduled release this week. The news was first reported by the Wall Street Journal.
“Endeavor will continue to evaluate the timing for the proposed offering as market conditions develop,” the company said in a statement released on Thursday.