SCR:TSX $183 million by offering 5 million shares at $36.52,

 

Canadian sports media and betting company Score Media and Gaming files for a $183 million US IPO

core 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 5 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.

The Toronto, Canada-based company was founded in 2012 and booked $16 million in revenue for the 12 months ended November 30, 2020. It plans to list on the Nasdaq under the symbol SCR. Morgan Stanley, Credit Suisse, Canaccord Genuity and Macquarie Capital are the joint bookrunners on the deal. It is expected to price during the week of February 22, 2021.

The article Canadian sports media and betting company Score Media and Gaming files for a $183 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

SCR:TSX Score Analyst Video David Burrows, president and chief investment strategist at Barometer Capital Management, discusses TheScore Inc.

 

David Burrows, president and chief investment strategist at Barometer Capital Management, discusses TheScore Inc.

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3 Days Of Trades:

House Positions for C:OGI from 20210219 to 20210223

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	4,053,399	17,337,686	4.277	3,296,579	14,067,122	4.267	756,820	-3,270,564
39 Merrill Lynch	1,412,645	6,187,715	4.38	1,078,761	4,651,192	4.312	333,884	-1,536,523
53 Morgan Stanley	513,228	2,088,201	4.069	268,404	1,136,504	4.234	244,824	-951,697
7 TD Sec	2,224,696	9,285,350	4.174	2,007,793	8,570,546	4.269	216,903	-714,804
85 Scotia	464,910	1,845,725	3.97	291,608	1,252,470	4.295	173,302	-593,255
9 BMO Nesbitt	474,618	1,957,611	4.125	353,225	1,445,265	4.092	121,393	-512,346
2 RBC	552,365	2,291,224	4.148	437,130	1,870,180	4.278	115,235	-421,044
14 ITG	50,286	204,924	4.075	3,363	13,358	3.972	46,923	-191,566
70 Manulife	31,200	110,162	3.531	0			31,200	-110,162
80 National Bank	357,817	1,525,545	4.263	329,919	1,394,194	4.226	27,898	-131,351
124 Questrade	90,606	362,154	3.997	62,971	265,056	4.209	27,635	-97,098
13 Instinet	55,102	235,305	4.27	29,784	117,221	3.936	25,318	-118,084
212 Virtu	115,836	488,525	4.217	93,707	402,631	4.297	22,129	-85,894
76 Industrial Alliance	7,170	32,801	4.575	0			7,170	-32,801
72 Credit Suisse	5,105	21,454	4.203	0			5,105	-21,454
83 Mackie	3,000	11,430	3.81	0			3,000	-11,430
36 Latimer	22,969	95,321	4.15	20,398	85,329	4.183	2,571	-9,992
19 Desjardins	58,998	249,268	4.225	58,843	254,324	4.322	155	5,056
56 Edward Jones	0			250	1,072	4.288	-250	1,072
74 GMP	0			900	3,393	3.77	-900	3,393
57 Interactive	4,805	19,062	3.967	8,119	33,468	4.122	-3,314	14,406
143 Pershing	1,515	6,518	4.302	6,747	29,551	4.38	-5,232	23,033
65 Goldman	7,794	32,967	4.23	15,351	62,838	4.093	-7,557	29,871
88 Credential	54,403	222,934	4.098	70,129	302,859	4.319	-15,726	79,925
33 Canaccord	59,212	255,925	4.322	84,650	382,733	4.521	-25,438	126,808
28 BBS	10,789	39,270	3.64	57,268	250,956	4.382	-46,479	211,686
89 Raymond James	0			71,000	323,920	4.562	-71,000	323,920
79 CIBC	4,874,486	20,722,734	4.251	6,860,055	28,713,626	4.186	-1,985,569	7,990,892
TOTAL	15,506,954	65,629,811	4.232	15,506,954	65,629,808	4.232	0	-3