Top Sportradar Shareholders to Sell 23M Shares After +157% Surge

^{Pictured: Sportradar founder and CEO Carsten Koerl}

Sportradar insiders are offloading 23 million Class A ordinary shares in a major secondary public offering, capitalizing on a steep stock climb that’s seen the price surge 44.4% year-to-date, 105.1% over the past six months, and 156.8% over the past 12 months.

The offering consists entirely of shares held by existing investors and will not dilute current shareholders. Sellers include affiliates of the Canada Pension Plan Investment Board, Technology Crossover Ventures, and Sportradar CEO Carsten Koerl.

Goldman Sachs and J.P. Morgan are leading the deal as joint book-runners. The underwriters also have a 30-day option to purchase up to an additional 3.45 million shares from the selling group, which could expand the offering.

Alongside the sale, Sportradar announced it will buy back 3 million shares from the underwriters, using up to $75 million in cash on hand.

This repurchase falls under the company’s $200 million buyback program.

It’s worth noting that the planned sale follows a strong first quarter for the Swiss sports data and analytics firm, with revenue for Q1 2025 topping €306 million. That marks a year-over-year increase of 14.3% to 15.6%, according to company filings.