Sportradar Shares Fall After Market Debut

Sportradar Group AG , a company backed by Michael Jordan and Mark Cuban, saw its shares fall 3.5% following its market debut, after the company raised $672 million in its initial public offering and private placements.

Shares in the Swiss technology company opened at $27, the same price as its initial public offering price, giving the company a valuation of $7.98 billion.

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