Vince McMahon, Ari Emanuel, Dana White — the gang’s all here. In a historic moment for sports and entertainment, here’s what you need to know about the all-new TKO stock.
The past weekend brought us Sean Strickland’s upset stunner over Israel Adesanya for the UFC middleweight championship in Sydney, Australia. And while the Endeavor-owned MMA promotion’s purportedly $21 billion merger with World Wrestling Entertainment has been a known fact since springtime, things finally became official this week with some opening bell fanfare New York Stock Exchange — and the implications are far more seismic than anything Strickland delivered inside the octagon.
On a dais that included WWE CEO Vince McMahon, UFC President Dana White, Endeavor CEO Ari Emanuel, and a who’s-who of executives and talent, the a new era began under the banner of TKO Group Holdings, Inc. and its brand-new TKO stock.
So, what’s changing and what’s staying the same in this brave new world following the long-heralded WWE-UFC merger? Let’s talk C-suite, which NFL and NBA execs are on the new board of directors, and key details regarding the big TKO stock debut.
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TKO Stock Goes Live at the NYSE
So, now that this new company is a real thing and officially listed on the NYSE, here are the most important things investors need to know about TKO’s stock, as tracked by CNBC:
- Opening price: $102 per share
- High price: $103 per share (as of 11:45 a.m. ET on Sept. 12)
- Day’s trading volume: 231,724 (as of 11:45 a.m. ET on Sept. 12)
- Total shares outstanding: 83,160,000
- Market cap: $8,516,000,000
Under the TKO Holdings structure, Endeavor owns 51% of shares of TKO stock as of this morning’s opening bell, while previous WWE shareholders retained 49%. As the largest individual shareholder, Vince McMahon — who held a reported 18.5% of WWE shares at the time of the UFC merger — serves as Executive Chairman of the Board.
UFC and WWE Merger Means a New Corporate Structure
Company principals
- CEO: Ari Emanuel, who remains Chief Executive Officer of Endeavor
- President & COO: Mark Shapiro, who remains in both capacities at Endeavor
- CFO: Andrew Schleimer
- CLO: Seth Krauss, who remains Chief Legal Officer at Endeavor
TKO Board of Directors
- Vince McMahon, Executive Chairman, WWE
- Peter Bynoe, Senior Advisor, DLA Piper LLP
- Egon Durban, Co-CEO, Silver Lake
- Steve Koonin, CEO, Atlanta Hawks
- Jonathan Kraft, President, Kraft Group (New England Patriots, New England Revolution, Gillette Stadium)
- Sonya Medina, President & CEO, Reach Resilience
- Nancy Tellem, Executive Chairperson and Chief Media Officer, Eko
- Carrie Wheeler, CEO and a board member, Opendoor Technologies Inc.
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