Betway’s parent company, the Super Group, is set to offer Initial Public Offering (IPO) to bring its online sports betting and gaming group to the US market.

Betway is the online bookmaker, whose parent company Super Group is close to having a deal with Sports Entertainment Acquisition Corp., a publicly traded special purpose acquisition company, to go public in US markets.

According to reports, the company’s public valuation is of around $5.1bn (£3.7bn).

“Becoming a public company will give us the tools to continue to grow our leading product and technology offering and deliver a strengthened brand-driven marketing strategy,” said Super Group CEO Neal Menashe, according to Gambling Insider.