Sports betting data and integrity services company, Sportradar Group AG has initiated the process to go for an Initial Public Offering (IPO) in the USA.
Sportradar, which is the official partner of the NBA, NHL, MLB, NASCAR, FIFA and UEFA, has filed the documentation with the Securities and Exchange Commission (SEC), to begin the process.
J.P. Morgan, Morgan Stanley, Citigroup and UBS Investment Bank will assist the company in going public whereas number of shares and price range has not been yet released.
As per Gambling Insider, Bank of America Securities, Deutsche Bank Securities, Jefferies and Canaccord Genuity will be the additional joint book-running managers.
The attempt to go public has been made in partnership with special purpose acquisition company (SPAC).
The Switzerland-based firm said it plans to ‘list its common stock on the Nasdaq Global Select Market under the ticker symbol SRAD.’