SRAD News

The IPO market was full steam ahead this past week as 11 IPOs came to market. SPAC activity remained steady with seven blank check IPOs. New filers continue to pour into the IPO pipeline, with 15 IPOs and eight SPACs submitting initial filings. Tech consultancy Thoughtworks (TWKS) raised $774 million at a $7.0 billion market cap. This agile software developer...read more

Sportradar Group, which provides software and data to the sports betting industry, raised $513 million by offering 19 million shares at $27, within the range of $25 to $28. The company planned to raise an additional $159 million in a concurrent private placement to Eldridge, Radcliff Management, and other investors. Sportradar states that it is the #1 provider...read more

Updated Monday, 9/13. After a wave of launches in the short holiday week, 11 IPOs are scheduled to raise over $3 billion in the week ahead. Tech consultancy Thoughtworks (TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more...read more

Sportradar Group, which provides products and services to the sports betting industry, announced terms for its IPO on Tuesday. The St. Gallen, Switzerland-based company plans to raise $504 million by offering 19 million shares at a price range of $25 to $28. The company plans to raise an additional $159 million in a concurrent private placement to Eldridge, Radcliff Management, and...read more