DraftKings goes public without many live sports to bet on
New York CNN Business —
There are no baseball, basketball or hockey games being played right now. Football, if the season starts on time, won’t be ready to kick off until late August for college and September for the pros.
But DraftKings (DKNG), a company that runs fantasy sports games and lets people make legal wagers on sporting events, said late Thursday it will go public on Wall Street Friday in this coronavirus-induced sports vacuum.
DraftKings shares will trade on the Nasdaq under the ticker symbol “DKNG.” The company did not go public through the traditional route of selling new stock via an initial public offering.