IRONMAN Triathlon-owner Wanda Sports Group starts IPO process with target to raise US$500 million

According to two recent sources (NASDAQ, Renaissance Capital), Dalian Wanda Group is starting the IPO process for IRONMAN with a target range to raise US$500 million up to US$1 billion. 3athlon reported earlier in 2018 and 2019. full 162 page prelimary SEC Form F1 linked below.

Quote, NASDAQ:

IRONMAN to IPO: Global sports owner Wanda Sports Group files for a $500 million US IPO 

Wanda Sports Group, the sporting and live events unit being spun out of China's Wanda Group, filed on Friday with the SEC to raise up to $500 million in an initial public offering. 

Wanda Sports is one of the world's largest sports events, media and marketing platforms in terms of revenue in 2018, owning Infront Sports & Media, World Endurance Holdings (owner of the IRONMAN triathlon competition and brand) and Wanda Sports Co (owner of the China Cup International Football Tournament and the UCI Tour of Guangxi). 

The Beijing, China-based company traces its roots to 1980 and booked $1.3 billion in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol WSG. Wanda Sports Group filed confidentially on March 20, 2019. Morgan Stanley, Deutsche Bank and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.  

The article IRONMAN to IPO: Global sports owner Wanda Sports Group files for a $500 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.

Quote, Renaissance Capital:

IRONMAN to IPO: Global sports owner Wanda Sports Group files for a $500 million US IPO 

Wanda Sports Group, the sporting and live events unit being spun out of China's Wanda Group, filed on Friday with the SEC to raise up to $500 million in an initial public offering. 

Wanda Sports is one of the world's largest sports events, media and marketing platforms in terms of revenue in 2018, owning Infront Sports & Media, World Endurance Holdings (owner of the IRONMAN triathlon competition and brand) and Wanda Sports Co (owner of the China Cup International Football Tournament and the UCI Tour of Guangxi). 

The Beijing, China-based company traces its roots to 1980 and booked $1.3 billion in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol WSG. Wanda Sports Group filed confidentially on March 20, 2019. Morgan Stanley, Deutsche Bank and Citi are the joint bookrunners on the deal. No pricing terms were disclosed. 

1. NASDAQ: IRONMAN to IPO: Global sports owner Wanda Sports Group files for a $500 million US IPO
2. Renaissance Capital: IRONMAN to IPO: Global sports owner Wanda Sports Group files for a $500 million US IPO
3. Wanda Sports Group Company Limited, FORM F-1 as filed with the Securities and Exchange Commission (SEC) on June 7, 2019
4. China's Wanda files for U.S. IPO of sports unit including WTC's IRONMAN series to raise up to $500 million: sources
5. Wang Jianlin's sports holding within Dalian Wanda Group might consider an IPO and sale of overseas assets including Infront Sports & Media AG, World Triathlon Corp (Ironman)

Eleven Start Waves, Instead Of Three: IRONMAN Announces New Swim Start Protocol For 2019 IRONMAN World Championship

IRONMAN to introduce new wave start aimed at reducing athlete density on bike course. In the past there where only three different start groups: male pros, female pros and all the age group athletes, who qualified for the World Championship in Kailua-Kona, Hawaii. This is history, the so called and extensively in domestic and global events tested rolling start helps de-cluster the large and tight fields of competitive athletes of all age groups successfully.

Quote:

TAMPA, Fla. (June 10, 2019) – IRONMAN, a Wanda Sports Group company, announced today a new swim start protocol that will be implemented for the 2019 IRONMAN® World Championship. For the first time, the world championship event will utilize a wave start that separates the field into 11 groups. Like in previous years, the professional men’s field will start at 6:25 a.m., followed by the professional women’s field at 6:30 a.m. The PC/Open Exhibition and Handcycle divisions will then begin their day at 6:35 a.m. The first age group wave will start at 6:55 a.m. and continue every 5 minutes until all athletes are in the water.

“The swim start change is a reflection of, and reaction to, the extraordinary ability of our IRONMAN World Championship athletes,” said Andrew Messick, President & CEO of The IRONMAN Group. “While we appreciate the simplicity and iconic visual of the mass start, our primary responsibility is to create a fair race for all athletes. A single start each for age-group men and age-group women creates too much density on the bike course.”

The decision to move to an extended wave start was made following a comprehensive analysis of athlete data with the goal of reducing peak athlete density flowing onto the bike course. The new start times will not change the existing cut off standards for the IRONMAN World Championship – 2:20 for the swim and 10:30 for the bike. Athletes will also still have to reach the finish line within 17 hours to be official finishers of the race.

“We are always looking for ways to improve the quality of our events in an effort to create a fair, safe and world-class experience for our competitors who work so hard to get to this start line,” said Diana Bertsch, Senior Vice President of World Championship Events of The IRONMAN Group. “The IRONMAN World Championship is the pinnacle of endurance racing and our belief is that this change will allow for the highest competition to occur while enhancing the quality of the race.”

New start times:

Time | Division

6:25 | MPRO

6:30 | FPRO

6:35 | PC OPEN / HC

6:55 | M18-39

7:00 | M40-44

7:05 | M45-49

7:10 | M50+

7:15 | F18-39

7:20 | F40-54

7:25 | F55+

7:30 | Legacy

The IRONMAN World Championship is the ultimate and most iconic one-day test of body, mind and spirit with over 90,000 athletes competing to qualify at more than 40 global IRONMAN events each year. Last year’s record-breaking race welcomed approximately 2,500 registered athletes from 82 countries, regions and territories, marking the largest international field in race history.

The 2019 IRONMAN World Championship will enjoy 20 hours of comprehensive live race-day coverage globally via IRONMAN NOW™ on Facebook Watch (www.facebookwatch.com/IRONMANnow) and through regional television coverage, including NBC Sports in the United States. Last year’s IRONMAN World Championship live coverage included everything from the early morning body marking to the final hour finish-line celebration and had nearly 20 million total views on Facebook Watch.