Will you consider buying Sportradar after it goes public?
Sportradar plays an important, though indirect role in the rapidly growing sports betting industry. Its finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors. It is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.
'While there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.
But Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.
Investors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.' (From Seeking Alpha)
So, will you consider buying Sportradar after it goes public? $Sportradar Group AG(SRAD)$
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