Swiss sports data giant Sportradar, which has American basketball superstar Michael Jordan as a shareholder, landed on the NASDAQ on Tuesday. Jordan personally visited the bell ringing scene. The stock opened flat but then broke, fluctuating lower during the intraday period, falling close to 10% at one point.

By the close, Sportradar's stock price was 25.05 US dollars, a decrease of 7.22%.

Sportadar's IPO issued 19 million shares at a price of 27 US dollars, raising about 513 million US dollars in capital. The IPO price was between 25-28 US dollars in the previously announced issue price range.

Additionally, Sportradar has granted underwriters a 30-day option to purchase up to 2.85 million additional Class A common shares at the initial public offering price.

J.P. Morgan,Morgan Stanley, Citigroup, andUBSThe investment bank acted as the principal bookkeeping manager for this offering.