⁍ Genius Sports Group Ltd said on Tuesday it would go public through a merger with New York-listed special purpose acquisition company dMY Technology Group Inc II DMYD.N.

---

⁍ The company maintains partnerships with over 500 sports organisations globally, including the NBA, NCAA, FIBA, FIFA, English Premier League and NASCAR.

---

⁍ Merging with a SPAC, an alternative to going public in a traditional initial public offering, involves less regulatory scrutiny and more certainty over the market valuation and funds raised.

---

– A London-based sports data company is set to go public in the US after striking a deal to be acquired by a New York-listed special purpose acquisition company, reports Reuters. Genius Sports Group will merge with dMY Technology Group, which is listed on the New York Stock Exchange, to create a business valued at $1.5 billion, including debt. The new company will trade under the symbol “GENI” upon closing, which is expected in the first quarter of 2021. Genius Sports, which gathers data from sports events and supplies it to sports betting operators, has partnerships with more than 500 sports organizations, including the NBA, NCAA, FIFA, English Premier League, and NASCAR. “We chose a SPAC deal to help us list quickly and minimize distractions to the daily running of the business,” CEO Mark Locke tells Reuters.