IPO: DraftKing (DKNG) becomes a publicly-traded Company after merging with Diamond Eagle.

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DraftKings announced on Thursday that it had successfully completed the merger that would make the company public. The merger was worth $3.3 billion. The Boston-based sports company has merged with Diamond Eagle, a special-purpose acquisition company (SPAC) that went public in May 2019. It was reported that the company was to resume trading on the Nasdaq on Friday under the name DraftKings and the ticker DKNG.DraftKings CEO and co-founder, Jason Robins, said that “It’s a big milestone for us, and I think in many ways some of the things we went through, the different ups and downs and curveballs, make…
Source: IPO: DraftKing (DKNG) becomes a publicly-traded Company after merging with Diamond Eagle.

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