Sportradar completes IPO at $8bn valuation

15 Sep 2021

By: Sport Industry Group

Sportradar closed out its IPO and is valued at a reported $8bn after raising more than $670 million.

The company rang the opening bell at the NASDAQ Stock Exchange, marking its first official day as a NASDAQ-listed company. 

Sportradar Global CEO Carsten Koerl was joined on stage by investors Michael Jordan and Todd Boehly, as well as the Sportradar executive team (above).

“Ringing the Opening Bell at the NASDAQ as a public company is a significant milestone in the history of Sportradar. It is a testament to the ambition, originality and resourcefulness of our employees, the strength and commitment of our partners, the confidence and support of our investors and the vision of our customers,” said Carsten Koerl, founder and CEO of Sportradar.

“Moving forward, we’ll continue to propel digital transformation across the sports ecosystem as a result of our dedication to developing the most innovative products and solutions that drive fan engagement.”

Sportradar, an Official Partner of the Sport Industry Awards, provides data analytics and other technology services to 900 sports betting operators and 350 media companies, including coverage of about 750,000 events annually worldwide. 

This year, Sportradar has signed a ten-year deal with the NHL, and has also collaborated with rival StatsPerform in a deal to see both companies distribute WTA data.

Meanwhile, it has also completed the acquisition of three sports technology companies, including data and video analytics platform Synergy Sports.