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Sportradar Group AG SRAD,
is expected to go public on Tuesday, following the initial public offering of the Swiss sports betting and sports entertainment products company at a price of $ 27.00 per share. The company sold 19.0 million Class A shares to raise $ 513.0 million. With 1.11 billion Class A and Class B shares outstanding after the IPO, the price values the company at around $ 21.07 billion. The stock is expected to start trading Tuesday on the Nasdaq under the ticker symbol “SRAD”. The company goes public as the IPO of the Renaissance IPO ETF,
has gained 5.9% in the last three months while the S&P 500 SPX,
changed to 5.0%.
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