Sportradar Announces Pricing of Public Offering of Class A Ordinary Shares by Selling Shareholders and Concurrent Share Repurchase
Sportradar Group AG (NASDAQ: SRAD) has announced the pricing of a secondary public offering of 23,000,000 Class A ordinary shares at $22.50 per share. The offering is being conducted by selling shareholders including Canada Pension Plan Investment Board, TCV, and CEO Carsten Koerl.
The underwriters have a 30-day option to purchase an additional 3,450,000 shares. Concurrent with the offering, Sportradar will repurchase 3,000,000 shares at the same price, as part of its existing $200 million share repurchase program, using cash on hand.
The secondary offering is expected to close on April 25, 2025, with Goldman Sachs and J.P. Morgan acting as lead book-running managers. Sportradar will not receive any proceeds from the secondary offering, and underwriters will not receive fees for shares being repurchased by the company.
Sportradar Group AG (NASDAQ: SRAD) ha annunciato il prezzo di un'offerta pubblica secondaria di 23.000.000 di azioni ordinarie di Classe A a 22,50 dollari per azione. L'offerta è condotta da azionisti venditori tra cui Canada Pension Plan Investment Board, TCV e l'amministratore delegato Carsten Koerl.
Gli underwriter hanno un'opzione di 30 giorni per acquistare ulteriori 3.450.000 azioni. Contestualmente all'offerta, Sportradar riacquisterà 3.000.000 di azioni allo stesso prezzo, nell'ambito del suo programma di riacquisto azionario esistente da 200 milioni di dollari, utilizzando liquidità disponibile.
L'offerta secondaria è prevista in chiusura il 25 aprile 2025, con Goldman Sachs e J.P. Morgan come principali gestori dell'operazione. Sportradar non riceverà alcun ricavo dall'offerta secondaria e gli underwriter non percepiranno commissioni sulle azioni riacquistate dalla società.
Sportradar Group AG (NASDAQ: SRAD) ha anunciado el precio de una oferta pública secundaria de 23.000.000 de acciones ordinarias Clase A a 22,50 dólares por acción. La oferta está siendo realizada por accionistas vendedores, incluidos Canada Pension Plan Investment Board, TCV y el CEO Carsten Koerl.
Los suscriptores tienen una opción de 30 días para comprar 3.450.000 acciones adicionales. Paralelamente a la oferta, Sportradar recomprará 3.000.000 de acciones al mismo precio, como parte de su programa vigente de recompra de acciones por 200 millones de dólares, utilizando efectivo disponible.
Se espera que la oferta secundaria cierre el 25 de abril de 2025, con Goldman Sachs y J.P. Morgan como gestores principales. Sportradar no recibirá ingresos por esta oferta secundaria y los suscriptores no cobrarán comisiones por las acciones recompradas por la compañía.
Sportradar Group AG (NASDAQ: SRAD)는 보통주 클래스 A 23,000,000주를 주당 22.50달러에 추가 공개 매도 가격을 발표했습니다. 이번 공모는 캐나다 연금 계획 투자 위원회(Canada Pension Plan Investment Board), TCV, CEO 카스텐 커얼(Carsten Koerl) 등 매도 주주들이 진행합니다.
인수단은 30일 동안 추가로 3,450,000주를 매입할 수 있는 옵션을 보유하고 있습니다. 공모와 동시에 Sportradar는 기존 2억 달러 규모의 자사주 매입 프로그램의 일환으로 현금을 사용해 동일한 가격에 3,000,000주를 재매입할 예정입니다.
이번 추가 공모는 2025년 4월 25일에 마감될 예정이며, 골드만 삭스(Goldman Sachs)와 J.P. 모건이 주요 주관사로 참여합니다. Sportradar는 이번 추가 공모에서 수익을 얻지 않으며, 인수단은 회사가 재매입하는 주식에 대해 수수료를 받지 않습니다.
Sportradar Group AG (NASDAQ : SRAD) a annoncé le prix d'une offre publique secondaire de 23 000 000 d'actions ordinaires de classe A à 22,50 dollars par action. L'offre est menée par des actionnaires vendeurs, notamment Canada Pension Plan Investment Board, TCV et le PDG Carsten Koerl.
Les souscripteurs disposent d'une option de 30 jours pour acheter 3 450 000 actions supplémentaires. Parallèlement à l'offre, Sportradar rachètera 3 000 000 d'actions au même prix, dans le cadre de son programme de rachat d'actions existant de 200 millions de dollars, en utilisant sa trésorerie disponible.
La clôture de l'offre secondaire est prévue pour le 25 avril 2025, avec Goldman Sachs et J.P. Morgan en tant que chefs de file. Sportradar ne percevra aucun produit de cette offre secondaire, et les souscripteurs ne toucheront pas de commissions sur les actions rachetées par la société.
Sportradar Group AG (NASDAQ: SRAD) hat die Preisfestsetzung für ein Sekundärangebot von 23.000.000 Class-A-Stammaktien zu je 22,50 US-Dollar bekannt gegeben. Das Angebot wird von verkaufenden Aktionären durchgeführt, darunter Canada Pension Plan Investment Board, TCV und CEO Carsten Koerl.
Die Underwriter haben eine 30-tägige Option, weitere 3.450.000 Aktien zu erwerben. Gleichzeitig wird Sportradar 3.000.000 Aktien zum gleichen Preis zurückkaufen, im Rahmen seines bestehenden Aktienrückkaufprogramms über 200 Millionen US-Dollar, und dabei verfügbare liquide Mittel verwenden.
Das Sekundärangebot soll am 25. April 2025 abgeschlossen werden, mit Goldman Sachs und J.P. Morgan als führenden Bookrunnern. Sportradar erhält keine Erlöse aus dem Sekundärangebot, und die Underwriter erhalten keine Gebühren für die vom Unternehmen zurückgekauften Aktien.
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ST. GALLEN, Switzerland, April 24, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (Nasdaq: SRAD) (“Sportradar” or the “Company”) today announced the pricing of the previously announced secondary public offering of an aggregate of 23,000,000 Class A ordinary shares of the Company (the “Secondary Offering”) by an affiliate of Canada Pension Plan Investment Board, an affiliate of TCV, and Carsten Koerl, the Company’s Chief Executive Officer (collectively, the “Selling Shareholders”), at a price to the public of
In connection with the Secondary Offering, Sportradar agreed to concurrently purchase from the underwriters 3,000,000 Class A ordinary shares at a price per share equal to the price at which the underwriters purchase the shares from the Selling Shareholders in the Secondary Offering (the “Share Repurchase”), subject to the completion of the Secondary Offering. The Share Repurchase is part of the Company’s existing
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers, with Citigroup, Morgan Stanley, UBS Investment Bank, Jefferies and Deutsche Bank Securities acting as joint book-running managers for the Secondary Offering. The Benchmark Company, Canaccord Genuity, Citizens Capital Markets, Craig-Hallum and Needham & Company are acting as co-managers for the Secondary Offering.
The Company has filed a shelf registration statement (including a prospectus) on Form F-3 with the U.S. Securities and Exchange Commission (the “SEC”) for the Secondary Offering to which this communication relates. The registration statement automatically became effective upon filing on April 22, 2025. A preliminary prospectus supplement relating to the Secondary Offering has also been, and a prospectus supplement relating to the Secondary Offering will be, filed with the SEC. Investors should read the accompanying prospectus, dated April 22, 2025, the preliminary prospectus supplement relating to the Secondary Offering, dated April 22, 2025, the prospectus supplement once available and documents the Company has filed with the SEC for more complete information about the Company and the Secondary Offering.
These documents may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. The prospectus supplement and accompanying prospectus relating to the Secondary Offering may also be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or by emailing prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s Class A ordinary shares or any other securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CONTACT:
Investor Relations:
Jim Bombassei
j.bombassei@sportradar.com
Media:
Sandra Lee
sandra.lee@sportradar.com
Safe Harbor for Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking” statements and information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events, including, without limitation, statements regarding the closing of the Secondary Offering and the Share Repurchase. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,” “predict,” “potential,” “projects”, “continue,” “contemplate,” “confident,” “possible” or similar words. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: economy downturns and political and market conditions beyond our control, including the impact of the Russia/Ukraine and other military conflicts such as acts or war or terrorism and foreign exchange rate fluctuations; pandemics could have an adverse effect on our business; dependence on our strategic relationships with our sports league partners; effect of social responsibility concerns and public opinion on responsible gaming requirements on our reputation; potential adverse changes in public and consumer tastes and preferences and industry trends; potential changes in competitive landscape, including new market entrants or disintermediation; potential inability to anticipate and adopt new technology, including efficiencies achieved through the use of artificial intelligence; potential errors, failures or bugs in our products; inability to protect our systems and data from continually evolving cybersecurity risks, security breaches or other technological risks; potential interruptions and failures in our systems or infrastructure; difficulties in our ability to evaluate, complete and integrate acquisitions (including the proposed acquisition of the global sports betting portfolio business of IMG Arena US Parent, LLC) successfully; our ability to comply with governmental laws, rules, regulations, and other legal obligations, related to data privacy, protection and security; ability to comply with the variety of unsettled and developing U.S. and foreign laws on sports betting; dependence on jurisdictions with uncertain regulatory frameworks for our revenue; changes in the legal and regulatory status of real money gambling and betting legislation on us and our customers; our inability to maintain or obtain regulatory compliance in the jurisdictions in which we conduct our business; our ability to obtain, maintain, protect, enforce and defend our intellectual property rights; our ability to obtain and maintain sufficient data rights from major sports leagues, including exclusive rights; any material weaknesses identified in our internal control over financial reporting; inability to secure additional financing in a timely manner, or at all, to meet our long-term future capital needs; risks related to future acquisitions; and other risk factors set forth in the section titled “Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024, and other documents filed with or furnished to the SEC, accessible on the SEC’s website at www.sec.gov and on our website at https://investors.sportradar.com. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. One should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
About Sportradar
Sportradar Group AG (Nasdaq: SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports, media and betting industries, the Company provides sports federations, news media, consumer platforms and sports betting operators with a best-in-class range of solutions to help grow their business. As the trusted partner of organizations like the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga, Sportradar covers close to a million events annually across all major sports. With deep industry relationships and expertise, Sportradar is not just redefining the sports fan experience, it also safeguards sports through its Integrity Services division and advocacy for an integrity-driven environment for all involved.
For more information about Sportradar, please visit www.sportradar.com.
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