Event management company Encore, backed by Blackstone, reported higher annual revenue in its documentation for a US IPO on Friday.
The Schiller Park, Illinois-based company declared a net loss of $27.2 million on revenue of $3.4 billion for the fiscal year ending on December 31, compared to a net loss of $176.1 million on revenue of $3.2 billion a year earlier.
The US IPO market remained active despite the ongoing conflict in the Middle East, with some issuers braving recent volatility to proceed with their listings.
Encore is a live event services company that provides event technology and production, as well as support for trade shows and professional exhibitions for corporate meetings, conferences, and other business gatherings.
The company anticipates that the total event production services market will grow by 6-8% annually until 2030.
Corporate events held at hotels make up Encore’s largest revenue segment, with approximately 95% of American revenues coming from multi-year contracts at around 2,200 global venues.
In 2025, the company acquired UK-based event production company Eclipse and FIRST, a global provider of integrated event solutions for corporate campuses, to expand its internal capabilities.
It intends to use the proceeds from this offering to repay debt and for general corporate purposes.
BofA Securities, Goldman Sachs, Morgan Stanley, Evercore, J.P. Morgan, Jefferies, RBC Capital Markets, and UBS Investment Bank are among the offer’s underwriters.
Encore will list its shares on the New York Stock Exchange under the symbol “ECR”.
