Deals
Sportradar Files For U.S. IPO After SPAC Talks Break Off
- Swiss company’s backers include Michael Jordan, Mark Cuban
- Listing plan comes as some IPOs face setbacks, delays
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Sportradar Group AG, the sports data provider, has filed for an initial public offering in the U.S. after merger talks with a special purpose acquisition company collapsed.
The company, based in St. Gallen, Switzerland, in its filing Tuesday with the U.S. Securities and Exchange Commission listed the size of offering as $100 million, a placeholder that will likely change. Sportradar had held talks with Horizon Acquisition Corp. II, a blank-check company started by Eldridge Industries co-founder Todd Boehly.