{"id":1649,"date":"2021-09-08T11:22:22","date_gmt":"2021-09-08T18:22:22","guid":{"rendered":"https:\/\/wagers.com\/staging\/4285\/?p=1649"},"modified":"2021-11-02T11:28:29","modified_gmt":"2021-11-02T18:28:29","slug":"sports-data-takes-the-stage-sportradar-ipo","status":"publish","type":"post","link":"https:\/\/wagers.com\/staging\/4285\/news\/sports-data-takes-the-stage-sportradar-ipo\/","title":{"rendered":"Sports data takes the stage: Sportradar IPO"},"content":{"rendered":"<h4>The top line<\/h4>\n<ul>\n<li>Sportradar hopes to raise up to $612m via the sale of nearly 22 million shares at between $25-28 which at mid-point would value the business at $8.3bn.<\/li>\n<li>In 2020, revenues rose 6.4% to \u20ac404.9m ($477.8m) while in H121 revenue rose 42% to \u20ac272.1m.<\/li>\n<li>Revenues from the U.S. segment grew over 50% to \u20ac34.4m but the majority of Sportradar\u2019s revenues come from the RoW betting segment at \u20ac235m and RoW AV at \u20ac105.9m.<\/li>\n<\/ul>\n<p><strong>On the radar:<\/strong> It was announced yesterday that the long-awaited Sportradar float will hit the Nasdaq boards (using the ticker SRAD) in the coming days with the company undertaking an investor roadshow this week in New York. In a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001836470\/000119312521266000\/d122309df1a.htm#rom122309_2\" rel=\"\">filing with the SEC<\/a>yesterday, Sportradar noted that it collects over 1.2bn data points per year and covers over 600,000 events; in AV it offers content from over 200,000 events a year. The filing noted the company is \u201cnot dependent on any single sport data right.\u201d As of the end of December 2020 it said it had over 1,600 customers of which sports-betting customers made up over 900. The company noted that revenues were affected in H120 by the impact of the Covid pandemic and that historically it has achieved a CAGR of 25%.<\/p>\n<p><strong>Boehly-d over:<\/strong> The share offering is underwritten by JP Morgan, Morgan Stanley and Citigroup among others. Founder Carsten Koerl will retain an 81.8% controlling stake. Todd Boehly, who helms the Horizon Acquisition SPAC which was recently knocked back in its merger attempt with Sportradar, has taken up a slug of the shares available via his Eldridge Industries holding company.<\/p>\n<h3>Additional articles available on Earnings + More:<\/h3>\n<ul>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/8-sep-sports-data-takes-the-stage\" target=\"_blank\" rel=\"noopener\">Genius Q2<\/a><\/li>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/8-sep-sports-data-takes-the-stage\" target=\"_blank\" rel=\"noopener\">M&amp;A Roundup: 888\/William Hill<\/a><\/li>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/8-sep-sports-data-takes-the-stage\" target=\"_blank\" rel=\"noopener\">Underdog Fantasy acquires Goat Gaming<\/a><\/li>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/8-sep-sports-data-takes-the-stage\" target=\"_blank\" rel=\"noopener\">Entain analyst note<\/a><\/li>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/8-sep-sports-data-takes-the-stage\" target=\"_blank\" rel=\"noopener\">Jefferies sports betting survey<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The top line Sportradar hopes to raise up to $612m via the sale of nearly 22 million shares at between $25-28 which at mid-point would value the business at $8.3bn. In 2020, revenues rose 6.4% to \u20ac404.9m ($477.8m) while in H121 revenue rose 42% to \u20ac272.1m. Revenues from the U.S. segment grew over 50% to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[337,324],"tags":[],"class_list":["post-1649","post","type-post","status-publish","format-standard","hentry","category-analyst-notes","category-news"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/1649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=1649"}],"version-history":[{"count":2,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/1649\/revisions"}],"predecessor-version":[{"id":1652,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/1649\/revisions\/1652"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=1649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=1649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=1649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}