Switzerland-based sports betting data supplier Sportradar has announced the pricing of today's initial public offering (IPO) at US$27.00 per share. The stock begins trading this Tuesday on the Nasdaq under the ticker symbol "SRAD."
The IPO consists of 19 million class A ordinary shares, meaning the total value of shares sold should come to US$513.0m if all shares are sold. Sportradar has already allotted one million shares to a number of investors, who have not been named.
In honor of the occasion, Sportradar authorities visited today (14) the Nasdaq MarketSite in Times Square. Carsten Koerl, firmr’s Global CEO; Michael Jordan, Principal Owner and Chairman of the Charlotte Hornets; and Todd Boehly, Co-founder, Chairman, and CEO of Eldridge, rings the Opening Bell.
Sportradar initially filed for IPO in August and, earlier this month, the company announced plans to sell 19 million shares in its IPO.
The news comes after several recent deals for Sportradar, including Fédération Internationale de l’Automobile (FIA), FanDuel and the Austrian Tennis Association.
Source: GMB / iGB
