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DraftKings upsizes share offering

19th June 2020 8:17 am GMT

New York-listed sports betting operator and supplier DraftKings has announced an upsizing and pricing of its public offering, which is now valued at up to $1.6bn.

Having previously expected to raise around $576m through an underwritten public offering of 33m shares of its Class A common stock, DraftKings confirmed Thursday that this has now been upsized to 40m shares.

DraftKings will sell 16m shares of its Class A common stock and certain selling stockholders of DraftKings will [...]

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