BALY - Sportradar files for IPO after SPAC deal fails to materialize

Sportradar Group, a Swiss sports data provider, filed for an IPO in the U.S. The number of shares to be offered and the price range for the offering have not yet been determine, according to a statement.  Sportradar intends to list on the Nasdaq under the ticker symbol “SRAD.” The IPO comes after a deal to be taken public through SPAC  Horizon Acquisition II (NYSE:HZON) appears to have failed. Sportico reported in June that a potential deal that would have failed Sportradar at $10B wasn't going to happen. The  Horizon SPAC is led led by Los Angeles Dodgers co-owner Todd Boehly. Sportico competes with Genius Sports (NYSE:GENI), which went public in April through a SPAC deal. Genius also in April agreed to be the NFL's data rights partner, replacing Sportradar, who had the contract. J.P. Morgan, Morgan Stanley, Citigroup and UBS Investment Bank will act as lead book-running managers for the proposed Sportradar

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Sportradar files for IPO after SPAC deal fails to materialize