Sportradar to commence US IPO

Sportradar plans to commence its initial public offering (IPO) of 19 million of its Class A ordinary shares, the company announced today

Sportradar plans to commence its initial public offering (IPO) of 19 jillion of its Class type A ordinary bicycle shares, the troupe announced today.

The group has applied to listing the shares on the Nasdaq Global Select Market below the stock ticker symbolization SRAD.

The provider of sports betting and sports entertainment products and services is aiming to conjure as a great deal as $532m, with the shares priced betwixt $25 and $28 apiece, according to Yahoo Finance.

As advantageously as the Class type A ordinary shares sold in the public offering, the Switzerland-based fellowship said that entities connected with Eldridge and Radcliff Management LLC, and sure other investors, have got in agreement(p) to buy $159m of its Class A ordinary shares at IPO price.

J.P. Morgan, Morgan Stanley, Citigroup and UBS Investment Bank will behave as atomic number 82 book-running managers for the proposed offering, while BofA Securities, Deutsche Bank Securities, Jefferies and Canaccord Genuity testament human activity as spliff book-running managers.

And Needham & Company, Benchmark Company, Craig-Hallum, Siebert Bernard Arthur Owen Williams Shank and Telsey Advisory Group testament bit as co-managers.

Launched inwards 2001, Sportradar is an official partner of the National Hockey League, National Basketball Association, and NASCAR. The radical serves o'er 1,600 customers end-to-end 120 countries, with its partners including the likes of ESPN, DraftKings and Twitter.

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