⁍ Genius Sports Group Ltd said it would go public through a merger with dMY Technology Group Inc II.
⁍ The deal is valued at about $1.5 billion, including debt.
⁍ The new company is expected to trade its ordinary shares on the New York Stock Exchange.
– A London-based sports data company is set to go public after striking a deal to be acquired by a New York-listed company, reports Reuters. Genius Sports Group will merge with dMY Technology Group II and trade on the New York Stock Exchange under the ticker symbol “GENI,” the companies said in a statement. Genius Sports supplies data to sports betting operators and has partnerships with more than 500 sports organizations, including the NBA, NCAA, FIFA, English Premier League, and NASCAR.
Source: https://www.reuters.com/article/genius-sports-group-ma-dmy-technologygro/rpt-update-1-uks-genius-sports-to-go-public-in-15-bln-deal-with-new-york-listed-spac-idUSL4N2HI2EJ