IPO: Sportradar Price Shares at $27
The flotation comes just after a number of major deals for the Switzerland brand.
Sportradar, the Switzerland-based data provider for the betting industry, has priced its shares at $27 ahead of today’s Initial Public Offering (IPO). The IPO, which will comprise 19 million class A ordinary shares, has been eagerly anticipated by the igaming and finance industry alike. If all shares are snapped up, the business will be valued at an attractive $513.0m.
According to the business, 1 million shares are already spoken for, with Sportradar being of keen interest amongst the international investment community.
Once this IPO has been completed, the business will be listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange.
The flotation comes just after a number of major deals for the Switzerland brand. These include agreements made with the likes of the Fédération Internationale de l’Automobile (FIA), FanDuel and the Austrian Tennis Association.
