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Wanda Sports Group is hoping to raise $1bn (€930m) if it chooses to sell its Ironman triathlon business, Bloomberg has reported.

The first-ever Ironman race is to be held in Russia, it was announced today (Tuesday), with St. Petersburg to stage an Ironman 70.3 race on July 19, 2020

Wanda Sports Group saw its share price fall 36 per cent on its trading debut after its initial public offering on NASDAQ raised just $190m, less than half its early goal for the listing

In an amended filing with the US Securities and Exchange Commission, Wanda Sports Group has cut the size of their US initial public offering from $500m (€449m) to $308m.