Daily sports wagering company
DraftKings will be going public in 2020 in an unusual way. DraftKings will complete a merger with the publicly traded
blank check company
Diamond Eagle. Since Diamond Eagle is already publicly traded,
DraftKings will become publicly traded after the merger without having
to file all of the necessary SEC paperwork associated with a traditional
IPO. DraftKings will also purchase sports betting technology company
SBTech for $300 million, with the financing for this acquisition from
institutional investors.