Sphere Entertainment (NYSE:SPHR) soared 15% after the new concert venue in Las Vegas debuted on Friday with a show from famed Irish rock band U2.
U2 on Friday marked the opening of the Sphere (SPHR) entertainment venue as the rock band started a 25-show residency at the multibillionaire entertainment center in Las Vegas.
Sphere Entertainment (SPHR), whose CEO is James Dolan, the owner of the New York Knicks and Rangers, started trading in late April following a spin-off. Sphere Entertainment businesses include the new Vegas venue in addition to MSG Networks, which operates two regional sports and entertainment networks as well as a streaming service.