Sportradar has flat market debut at $8bn valuation: Reuters

Switzerland-based Sportradar Group’s shares opened flat in its market debut this week, valuing the company at nearly $8 billion, Reuters reported.

Switzerland-based Sportradar Group’s shares opened flat in its market debut this week, valuing the company at nearly $8 billion, Reuters reported. The sports-betting and data provider took the IPO route to go public after abandoning plans for a merger with a special purpose acquisition corporation earlier this year. Sportradar’s backers include Canada Pension Plan Investment Board, basketball legend Michael Jordan and billionaire Mark Cuban.

Source: Reuters