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Score Media and Gaming files for a $183 million initial public offering

22 Feb 2021

(PRESS RELEASE) -- Score Media and Gaming, a Canadian provider of sports-focused digital media and betting products, filed on Monday with the SEC to raise up to $183 million in an initial public offering.

The Toronto, Canada-based company plans to raise $183 million by offering five million shares at $36.52, the as-converted last close of its shares on the Toronto Stock Exchange (SCR). At the proposed price, Score Media and Gaming would command a market value of $1.8 billion.

The company provides sports-focused digital media and betting products. Its media app 'theScore' provides live scores, news, stats, and betting information on teams, leagues, and players. For the 12 months ended November 2020, theScore app ranked 3rd in North America and 1st in Canada among multi-sport news and data applications. The company's sports betting app 'theScore Bet' is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. Score Media and Gaming also creates and distributes digital content through its web, social, and esports platforms.
 
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