Endeavor President Mark Shapiro Doesn’t Want to Obsess Over Stock Price: ‘This Is a Long Game’

Tim Baysinger
·1-min read

On first day of trading, Hollywood agency/entertainment company’s shares closed just above $24 start price Endeavor President Mark Shapiro doesn’t want to be watching his newly public company’s stock price every second. But after the first day of trading for the Hollywood talent agency and entertainment company that owns the Ultimate Fighting Championship, we’re pretty sure he took a peek or two. And the early result is not bad. Shares of Endeavor (which is under the ticker EDR) ended the day trading at $25.50 a share, right around the $24 that the company had priced them at before the market opened on Thursday. The company was looking to raise around $511 million, selling 21.3 million shares at a $10 billion valuation. “Don’t get me wrong, it’s an exciting moment and an exciting day. It’s a turn the page kind of day. It’s an animating new chapter and a bright future ahead. For this story, it’s not about one day or this week or two weeks,” Shapiro told TheWrap. “This is a long game. And we’re very much focused on that.” After a long wait (and one scuttled IPO attempt in 2019), Endeavor finally became the first Hollywood talent agency to...

Read original story Endeavor President Mark Shapiro Doesn’t Want to Obsess Over Stock Price: ‘This Is a Long Game’ At TheWrap