Anonymous ID: 4bf7f2 June 25, 2020, 5:10 p.m. No.9747804   🗄️.is 🔗kun   >>7902 >>7976 >>8071 >>8090

Draft Kings, Inc Executives and Investors sold: $599.79m-June 18 and 23

 

announced June 18th and this the first sale to facilitate the total amount

DraftKings Announces Upsize and Pricing of Public Offering of Class A Common Stock

DraftKings Inc. (DKNG) (“DraftKings”) announced today the upsize and pricing of its previously announced underwritten public offering of 40 million shares of its Class A common stock. DraftKings will sell 16 million shares of its Class A common stock and certain selling stockholders of DraftKings will sell 24 million shares of Class A common stock, at a public offering price of $40.00 per share for a total offering size of $1.6 billion. The Offering was upsized from the previously announced offering size of 33 million shares of Class A common stock. DraftKings will not receive any proceeds from the sale of Class A common stock offered by the selling stockholders. The selling stockholders have granted the underwriters a 30-day option to purchase up to 6 million additional shares of Class A common stock. DraftKings intends to use the net proceeds it receives from the offering for general corporate purposes. Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are acting as lead joint book-running managers and as representatives of the underwriters for the offering. Morgan Stanley, BofA Securities and UBS Investment Bank are also acting as joint bookrunners for the offering. Canaccord Genuity, Cowen, Craig-Hallum Capital Group and Northland Capital Markets are acting as co-managers for the offering.

https://finance.yahoo.com/news/draftkings-announces-upsize-pricing-public-230926147.html

the usual cast of characters doing the under-writing

scroll to the bottom-interdasting list of names there. Born in New York….

https://www.finviz.com/quote.ashx?t=DKNG&b=2

 

Draftkings Inc. is a digital sports entertainment and gaming company. The Company provides users with daily fantasy sports, sports betting and iGaming opportunities. Its offerings include business-to- consumer (B2C) offerings and business-to-business (B2B) offerings. Its B2C product offerings include Daily Fantasy Sports, Sportsbook and iGaming. Daily Fantasy Sports is a peer-to-peer platform in which its users compete against one another for prizes. Sportsbook includes sports betting, which involves a user placing a bet by wagering money on an event at some fixed odds (proposition) determined by the Company. iGaming is an online casino, which includes a suite of games available in land-based casinos, such as blackjack, roulette and slot machines. It also supplies B2B sports betting and iGaming services for various gaming operators and government-run lotteries.

https://www.marketscreener.com/DRAFTKINGS-INC-61175285/company/