DraftKings’ (NASDAQ: DKNG) journey as a public company started in late 2019 when it announced a merger with a special purpose acquisition company (SPAC). Since then, the online sportsbook giant has been one of the best-performing stocks, regardless of industry, to go public in that fashion, Casino.org reports.
DraftKings merged with Diamond Eagle Acquisition in April 2020.
The research firm FinChat highlighted 10 of the best-performing stocks that were born out of blank-check transactions, with DraftKings ranking second on the list behind only Vertiv Holdings (VRTV), a provider of digital infrastructure and services for data centers. Since its SPAC merger, Vertiv returned 611% while DraftKings surged a still impressive and broader market-beating 285%. Read more.
