Sportradar Group AG, a sports betting platform provider, has filed Form S-1 Registration Statement on August 17, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.
The company is a leading technology platform enabling next-generation engagement in sports, and the number one provider of B2B solutions to the global sports betting industry based on revenue. They provide mission-critical software, data and content via subscription and revenue share arrangements to sports leagues, betting operators and media companies.
The St. Gallen, Switzerland-based company was founded in 2001 and booked $576 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq Global Select Market under the symbol “SRAD.” Morgan, Morgan Stanley, Citi, UBS Investment Bank, BofA Securities, Deutsche Bank, Jefferies, and Canaccord Genuity are underwriters of the IPO.
The company engages Rimôn Law Pty Ltd as US Securities Counsel, and WithumSmith+Brown, PC as Independent Auditor.
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