Endeavor Group Confirms IPO Postponed

Endeavor Group Holdings, Inc. confirmed it has postponed its previously announced initial public offering. Endeavor said it will continue to evaluate the timing for the proposed offering as market conditions develop.

The company was expected to price the IPO tonight and open tomorrow on the NYSE under the ticker 'EDR'.

The news follows the widely-publicized WeWork IPO delay and management reshuffling amid valuation questions and the recent IPO busts, including SmileDirectClub (NASDAQ: SDC) and Peloton (NASDAQ: PTON), both of which opened below their IPO price.

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