Sportradar Group Secondary Share Offering Priced

MT Newswires Live

04/24

Sportradar Group (SRAD) said Thursday a secondary public offering of 23 million of its class A ordinary shares was priced at $22.50 per share.

The shares are being offered by an affiliate of Canada Pension Plan Investment Board, an affiliate of TCV, and the company's Chief Executive Officer, Carsten Koerl.

The underwriters have been granted a 30-day option to buy up to an additional about 3.5 million shares. The offering is expected to close on Friday.

Sportradar shares fell almost 2% in premarket activity.

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