Sportradar registers plans for proposed Initial Public Offering

Sportradar intends to list its common stock on the Nasdaq under the ticker symbol “SRAD”.

The sports betting and sports entertainment provider Sportradar Group AG, has today announced that is has filed a registration statement with the Securities and Exchange Commission in regards to the proposed Initial Public Offering of its ordinary shares.

While the number of shares the company plans to offer has yet to be announced, Sportradar plans to list the stock on the Nasdaq Global Select Market under the ticker symbol “SRAD”.

Morgan Stanley, Citigroup, UBS Investment Bank and J.P Morgan will take on the role of lead book-running managers for the proposed offering.  BoFa Securities, Jefferies and Canaccord Genuity and Deutsche Bank Securities will offer their services as additional joint book-running managers.

Meanwhile, Needham & Company, Benchmark Company, Craig-Hallum, Siebert Williams Shank and Telsey Advisory Group will act as co-managers for the proposed offering. This offering will be made by means of a prospectus.

This news comes after Sportradar attempted to become a publicly traded company via the means of a special purpose acquisition company, however a deal was unable to be finalized.

Sportradar, established in 2001, provides sports betting content for sporting federations, news media, consumer platforms and sports betting operators. The company currently operates in 120 jurisdictions with 2,300 employees across nine countries. The sports betting organization is the official partner of a number of high profile sports leagues including the NBA, NHL, MLB and Nascar.

Henry Moore

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