DraftKings Inc. (Nasdaq: DKNG) (“DraftKings”) announced today the pricing of its previously announced underwritten public offering of 32 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 16 million shares of Class A common stock, at a public offering price of $52.00 per share for a total offering size of $1.664 billion. DraftKings will not receive any proceeds from the sale of Class A common stock offered by the selling stockholders. DraftKings has granted the underwriters a 30-day option to purchase up to 4.8 million additional shares of Class A common stock.
$DKNG… shares down 2.4% after-hours…
“The offering price represents an 8.4% discount to Tuesday’s closing price.”
DraftKings Stock Offering Said to Price at $52 After 400% Surge https://t.co/lLefqZ8m88
— Alfonso Straffon 🇨🇷🇺🇸🇲🇽 (@astraffon) October 6, 2020