Stock in TKO Group Holdings is selling at over $100 a share shortly after the official launch of the company earlier today.
With an estimated net worth of $21.3 billion, TKO consists of UFC, which Endeavor purchased in 2016, and WWE, whose acquisition was finalized this week.
On WWE’s final day of trading, stock in the company closed at $100.65 per share. As of now, TKO stock stands at $102.25 a share.
A full statement about the launch of TKO Group Holdings, including comments by Vince McMahon and Endeavor CEO Ari Emanuel, can be found here.