Latest News
Sportradar Announces Pricing of Public Offering of Class A Ordinary Shares by Selling Shareholders and Concurrent Share Repurchase

Sportradar Group AG (Nasdaq: SRAD) (“Sportradar” or the “Company”) today announced the pricing of the previously announced secondary public offering of an aggregate of 23,000,000 Class A ordinary shares of the Company (the “Secondary Offering”) by an affiliate of Canada Pension Plan Investment Board, an affiliate of TCV, and Carsten Koerl, the Company’s Chief Executive Officer (collectively, the “Selling Shareholders”), at a price to the public of $22.50 per share. The underwriters have been granted a 30-day option to purchase up to an additional 3,450,000 Class A ordinary shares from certain of the Selling Shareholders. The Company is not selling any shares and will not receive any proceeds from the Secondary Offering.
In connection with the Secondary Offering, Sportradar agreed to concurrently purchase from the underwriters 3,000,000 Class A ordinary shares at a price per share equal to the price at which the underwriters purchase the shares from the Selling Shareholders in the Secondary Offering (the “Share Repurchase”), subject to the completion of the Secondary Offering. The Share Repurchase is part of the Company’s existing $200 million share repurchase program and the Company intends to fund the Share Repurchase with cash on hand. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company. The Secondary Offering is expected to close on April 25, 2025.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers, with Citigroup, Morgan Stanley, UBS Investment Bank, Jefferies and Deutsche Bank Securities acting as joint book-running managers for the Secondary Offering. The Benchmark Company, Canaccord Genuity, Citizens Capital Markets, Craig-Hallum and Needham & Company are acting as co-managers for the Secondary Offering.
The Company has filed a shelf registration statement (including a prospectus) on Form F-3 with the U.S. Securities and Exchange Commission (the “SEC”) for the Secondary Offering to which this communication relates. The registration statement automatically became effective upon filing on April 22, 2025. A preliminary prospectus supplement relating to the Secondary Offering has also been, and a prospectus supplement relating to the Secondary Offering will be, filed with the SEC. Investors should read the accompanying prospectus, dated April 22, 2025, the preliminary prospectus supplement relating to the Secondary Offering, dated April 22, 2025, the prospectus supplement once available and documents the Company has filed with the SEC for more complete information about the Company and the Secondary Offering.
-
Latest News15 hours ago
Best Crypto Casinos in 2025 – Top 10 Bitcoin Casino Sites, Rated by Experts
-
Compliance Updates7 days ago
Isle of Man Government Publishes Terrorist Financing National Risk Assessment
-
Compliance Updates7 days ago
Pollard Banknote Secures License to Supply Gaming-related Goods and Services In the UAE
-
eSports5 days ago
2025 PUBG MOBILE WORLD CUP FINALISTS LOCKED IN AS 16 TEAMS MAKE THE CUT
-
Latest News7 days ago
Best New Online Casinos: 5 Newest Real Money Online Casinos Listed
-
Asia7 days ago
JBO Thailand Launches Esports World Cup Promotion
-
Latest News5 days ago
Experience the thrill of a Vegas night in Neon Paradise: Hold & Win from ICONIC21
-
Asia6 days ago
Scientific Games Wins Top Honors for Organizational Excellence in India