(Corrects paragraph 5 of Sept. 16 story to say the talent agency is WME, not WME-IMG. IMG is a separate sports and modeling agency under Endeavor)
Sept 16 (Reuters) - Endeavor Group Holdings Inc, an entertainment, sports and talent agency company, said on Monday it was looking to raise up to $619 million in an initial public offering that could value it at as much as $7.8 billion.
The Beverly Hills, California based-company plans to offer about 19.4 million shares of its Class A stock, priced between $30 and $32, it said in a regulatory filing. (https://bit.ly/2lUjcnt)
The company said it intends to use proceeds from the offering to repay $500 million of outstanding long-term borrowings and for acquisitions and complementary businesses.
For 2018, the company had posted revenue of $3.61 billion, compared with $3.02 billion in 2017.
The company's assets include mixed martial arts promotion company Ultimate Fighting Championship, as well as talent agency WME and sports and modeling agency IMG.
Endeavor, which counts actor Dwayne Johnson and sportswear maker Under Armour Inc among its clients, also reported a profit of $316.5 million for 2018, compared to a loss a year earlier.
Key investors in Endeavor are Silver Lake and Canada Pension Plan Investment Board.
Endeavor's founding partner Ariel Emanuel, Chairman Patrick Whitesell and investor Silver Lake Partners will retain the vast majority of voting rights in the company after the IPO through a multi-class share structure.
Goldman Sachs, KKR, J.P. Morgan, Morgan Stanley are the IPO's lead underwriters. (Reporting by Abhishek Manikandan in Bengaluru; Additional reporting by Bharath Manjesh; Editing by Maju Samuel and Shounak Dasgupta)