Sportradar founder and CEO Carsten Koerl celebrates with Charlotte Hornets owner Michael Jordan, who owns a minority stake in the company, at the Nasdaq exchange.The Switzerland-based firm, which funnels stats from sports leagues to media companies and sports bettors, debuted on the Nasdaq on Tuesday.His first foray into the sports data space with startup Bwin had successfully gone public on Austria’s Vienna Stock Exchange, but Koerl lost control of the company he founded shortly after the IPO.
“It was the right time to say, ‘Okay, let’s start something new because I’m on a journey,’” Koerl toldThat decision paid off handsomely. Switzerland-based Sportradar, which helps sports leagues compile data like in-game statistics and distribute it to media companies and betting operators, went public on the Nasdaq on Tuesday. After opening at $27 per share, the company’s shares fell to $25.05 by market close, valuing the business at $7.4 billion. Koerl, who will remain CEO with 81.
Today, Sportradar has become a dominant player in the sports data space. After expanding into the U.S. in 2014, it boasts more than 900 sports betting clients, such as DraftKings, FanDuel and Flutter, and 150-plus sports league partners, including the NBA, MLB and the NHL. The NHL also has the rights toSportico
Yet the company is not without challenges. Uncertainty from the Covid-19 pandemic, which grounded the sports world to a halt, had threatened Sportradar’s business. Another obstacle of note: Rival data firm Genius Sports earlier this year took over the NFL’s data rights license, which Sportradar had held. Koerl is confident he can keep his competitors at bay, citing his company’s size, revenue and profit figures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Peek.com CEO Ruzwana Bashir Wears to Work—and TravelFounder and CEO of experiences booking website Peek.com, Ruzwana Bashir, tells us what she wears to the office—and travel. not nick MetGala2021 MetGala IOftenSpend The Twins Ariana Grande Rose Billie Eilish Naomi Kendall Jenner Kardashian Justin Taylor Swift Gorman Timothée Chalamet
Source: marieclaire - 🏆 102. / 63 Read more »
Character Lab Founder And CEO Angela Duckworth Explains Why Necessity During Crisis Breeds IngenuityPower Pairing: Strategies To Rebuild A Better Normal | 2020 Power Women's Summit. Arianna Huffington, Founder & CEO, Thrive Global Angela Duckworth, Founder ... Sorry i know this isn't related to this but I just want to share my testimony with you. When I started my first trade of $15000 I thought it's was a scam but not, I'm earning greatly on weekly basis, I just got my profit of $60,000 through the help of Mr Rene Dm abrantesrene
Source: Forbes - 🏆 394. / 53 Read more »
SPE CEO Tony Vinciquerra On ‘Venom’ Move, Talent Deals, China; Says “There Are Probably Too Many Film Studios”Tony Vinciquerra, CEO of Sony Pictures Entertainment, says a decision to release Venom: Let There Be Carnage two weeks early shows the film studio “demonstrating our confidence that people wi… Yeah okay Sony then go away .. How incompetent, making money in a quick time instead of growing up and aiming for their service. While other companies run, even apple and amazon who don't make movies and TV series. Then what a stupid example. Sony pictures will remain the stain behind the others.
Source: DEADLINE - 🏆 109. / 63 Read more »
Zoom’s CEO Eric Yuan Says His Zoom Fatigue Is Gone As He Launches New Tools For The ‘Hybrid Office Future’Zoom is launching new video tools for customer support agents, a virtual whiteboard and other new features CEO Eric Yuan sees as crucial for a hybrid office future.
Source: Forbes - 🏆 394. / 53 Read more »
Who Is Aziz Akhannouch, The Billionaire Tapped To Become Morocco’s Next Prime Minister?Akhannouch, who inherited a billion-dollar stake in energy giant Akwa Group from his father, now joins a small group of billionaires who have risen to political power after forging a reputation in business.
Source: Forbes - 🏆 394. / 53 Read more »
Who Is Aziz Akhannouch, The Billionaire Tapped To Become Morocco’s Next Prime Minister?Akhannouch, who inherited a billion-dollar stake in energy giant Akwa Group from his father, now joins a small group of billionaires who have risen to political power after forging a reputation in business.
Source: Forbes - 🏆 394. / 53 Read more »