Sportradar Files Initial Documents For Planned IPO

Sportradar has formally begun the IPO process. The Switzerland-based data firm announced Tuesday that it had filed paperwork with the SEC to start the process of going public. The company says it plans to…

list on the Nasdaq under the ticker symbol SRAD. It did not release a potential price range, nor the number of shares it plans to offer.

Sportradar spent much of 2020 and early 2021 pursuing two paths toward becoming a public company—both the traditional IPO route and talking to special purpose acquisition companies (SPACs) about a merger. The company got deep into the process with a SPAC led by Los Angeles Dodgers owner Todd Boehly, including a signed letter of intent at a $10 billion valuation, but the parties were ultimately unable to finalize a deal.

Sports data, which Sportradar buys from leagues and government bodies and then sells to media companies and gambling operators, has grown more valuable in recent years as countries like the U.S. and Canada move to legalize sports betting…

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