Hollywood talent agency Endeavor LLC officially withdrew plans for an initial public offering.
In an Oct. 16 filing with the SEC, California-based Endeavor requested the "withdrawal of the Registration Statement because it no longer wishes to conduct a public offering of securities at this time." The company requested "that all fees paid to the Commission in connection with the filing of the Registration Statement be credited for future use."
While Endeavor did not give any specific reason, the company reportedly shelved its IPO plans after the disappointing market debut of digital fitness company Peloton Interactive Inc.
Endeavor, which is backed by private equity firm Silver Lake Partners, owns several sports and entertainment properties.