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.