Sportradar CEO on Why Company Went Public, and the Rise in Sports Betting

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Sportradar has officially gone public on the Nasdaq under the ticker symbol SRAD. 

The company did fall in its public debut, ending the day trading around $25 a share. It opened for trading at $27 a share.

The company, founded in 2001, provides data for sports betting and sports entertainment. Its customers include sports federations, news media, and sports betting operators.

Its backed by names such as Michael Jordan and Mark Cuban. 

CEO Carsten Koerl joined TheStreet to talk about the future of sports betting, why his company went through the traditional IPO route and more.  

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