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Solebury Trout is handling the initial public offering of Sportradar Group, a global sports betting company. The IPO will follow the collapse of Sportradar's SPAC deal.
Based in St. Gallen, Switzerland, Sportrader has partnerships with the NBA, MLB, HNL, NASCAR, FIFA and UEFA.
In May, Sportradar announced a partnership with the New York Jets and Baltimore Ravens National Football League teams to help them raise the value of their brands to unlock opportunities in the legal sports betting category.
Sportradar, which will trade on the NASDAQ, posted a 41.6 jump in first-half revenues to $326M. Profit slipped 10 percent to $21.6M. It has 2,3000 staffers in 19 countries.
Solebury Trout has Ed Yuen and Ankit Hira representing Sportradar.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
