GENI - Sportradar files to raise as much as $532M in IPO

Sportradar Group (SRAD), a Swiss sports data provider, filed to raise as much as $532M in a U.S. initial public offering. Sportradar plans to sell 19M Class A ordinary shares in this offering for between $25-$28/share, according to an F-1/A filing. The company will trade on the Nasdaq under the symbol "SRAD." Sportradar initially filed its plans for an IPO last month. Sportradar  also announced that entities affiliated with Eldridge, entities affiliated with Radcliff Management LLC and certain other investors have agreed to purchase $159M aggregate principal amount of Class A ordinary shares. Sportradar estimates net proceeds from this offering and the concurrent private placements will be approximately $623.9 million, assuming an IPO price of $26.50 per share of Class A ordinary shares, which is the midpoint of the price range. 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

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Sportradar files to raise as much as $532M in IPO