Sportradar prices shares at $27 each ahead of today’s IPO

| By Marese O'Hagan
Switzerland-based sports betting data supplier Sportradar has announced the pricing of today's initial public offering (IPO) at $27.00( £19.48/€22.86) per share.

The pricing comes ahead of Sportradar’s IPO, which is expected later today (September 14th). The IPO will consist of 19 million class A ordinary shares, meaning the total value of shares sold should come to $513.0m if all shares are sold.

Sportradar has already allotted one million shares to a number of investors, who have not been named.

These allocated shares will not be subject to a lock-up agreement, which is a deal that prohibits company “insiders” from selling shares for a certain period of time.

Sportradar initially filed for IPO in August. Once this is complete, the company will be able to list of the National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange.

Earlier this month, Sportradar 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.

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