Going public using a special purpose acquisition company (SPAC) : the case of DraftKings / Rakesh Duggal.

Format:

Book

Author/Creator:

Duggal, Rakesh, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Investment banking--Case studies.

Investment banking.

Sports betting--Case studies.

Sports betting.

Consolidation and merger of corporations--Case studies.

Consolidation and merger of corporations.

Physical Description:

1 online resource.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2026.

Summary:

In the past, private U.S. firms traditionally went public by using the services of investment banks. More recently, some firms have gone public by directly listing their shares on an exchange. In the late 20th century, an alternative vehicle for going public was invented that involved creating a public shell company (special purpose acquisition company (SPAC)), which would later merge with a private company. This case addresses several important features of SPACs by examining DraftKings' use of a SPAC to go public, with a detailed coverage of an important SPAC-related issue-outsize gains to SPAC sponsors and private equity, leaving SPAC shareholders in a disadvantaged position. The case enhances student understanding of the three going-public alternatives and provides them with an opportunity to learn to value warrants in calculating returns to various classes of SPAC investors.

Notes:

Description based on XML content.

ISBN:

1-0719-0292-X

9781071902929

OCLC:

1569208973

Publisher Number:

T297885