Genius Sports $150 million follow-on offering
The shares are listed on the NYSE
Davis Polk advised the lead underwriter, in connection with an offering to certain institutional investors of 17,647,059 of Genius Sports Limited’s ordinary shares, generating net proceeds of approximately $150 million. Genius’s ordinary shares are listed on the New York Stock Exchange under the symbol “GENI.”
Genius is a business-to-business provider of scalable, technology-led products and services to the sports, sports betting and sports media industries. Genius’s mission is to be the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. Genius creates engaging and immersive fan experiences while simultaneously providing sports leagues with reliable and sustainable revenue streams.
The Davis Polk corporate team included partner Marcel Fausten and associates Steven Glendon and David Giordano. Partner Frank Azzopardi and associates Francesca Masella and Anne Kim provided intellectual property advice. Partner Corey M. Goodman and associate Kelsey Nelson provided tax advice. All members of the Davis Polk team are based in the New York office.