Entertainment conglomerate Endeavor trades IPO at $ 24, to raise $ 511 million

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Los Angeles-based entertainment powerhouse Endeavor Group Holdings Inc. priced its initial public offering at $ 24 a share Wednesday night, at the top of its expected range. The company said it will offer 21.3 million shares, raising about $ 511 million, and will raise an additional $ 1.8 billion from institutional investors, according to a Securities and Exchange Commission document. Endeavor is valued at just over $ 6 billion.