** U.S.-listed shares of sports technology company Sportradar SRAD.O fall 2.8% to $24.33 premarket
** Switzerland-based co late Tuesday unveiled secondary stock offering wherein shareholders are parting ways with 23 million shares
** Top shareholders Canada Pension Plan Investment Board and Technology Crossover Ventures are among the shareholders selling stake apart from SRAD CEO Carsten Koerl
** SRAD has authorized the concurrent share repurchase of up to $75 million worth of shares from the underwriters
** Goldman Sachs and J.P. Morgan are the joint book-running managers for the secondary offering
** SRAD closed up 8.8% at $25.04 on Tuesday after BofA double upgraded the stock on global online sports betting growth
** 13 of 15 brokerages rate the stock "buy" or higher and two "hold"; median PT $27 - data compiled by LSEG
** As of last close, SRAD stock jumped 44% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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