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Reading: Latham & Watkins Represents TKO Group Holdings, Inc. in Secondary Offering by Selling Stockholder
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Home » Blog » Latham & Watkins Represents TKO Group Holdings, Inc. in Secondary Offering by Selling Stockholder
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Latham & Watkins Represents TKO Group Holdings, Inc. in Secondary Offering by Selling Stockholder

By Legal Desire 2 Min Read
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TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, has announced the pricing of its previously announced underwritten public offering by one of its stockholders, Mr. Vincent K. McMahon (the Selling Stockholder), of 8,400,000 shares of the Company’s class A common stock, par value US$0.00001 (Class A Common Stock), at a price to the public of US$79.80 per share. Additionally, TKO has agreed to repurchase from the underwriter approximately US$100.0 million of shares of Class A Common Stock being sold by the Selling Stockholder at a per-share purchase price equal to the price payable by the underwriter to the Selling Stockholder. The Selling Stockholder will receive all of the net proceeds from this offering. No shares are being sold by TKO. In connection with the offering, Ariel Emanuel, TKO’s Chief Executive Officer and director, Mark Shapiro, TKO’s President, Chief Operating Officer and director, and certain other of TKO’s directors purchased 12,531 shares, 12,531 shares, and 10,650 shares, respectively, of TKO’s Class A Common Stock in the offering at the public offering price.

Latham & Watkins LLP represented TKO in the offering with a corporate team led by partners Justin Hamill, Marc Jaffe, Benjamin Cohen, and Michael Anastasio, with associates Shawn Quinn, Dan Weissman, Akina Newbraugh, Nancy Zhu, Vanessa Hillabrand, and Cassidy Rowe. Advice was also provided on public company representation matters by partner Ellen Smiley, with associate Catriela Cohen; and on tax matters by partner Alan Kimball, with associate Ron Moore.

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Legal Desire November 15, 2023
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