Sportico | DraftKings the exception to sports SPACs’ dire track record

DraftKings, the company that sparked the sports SPAC craze in 2020, still stands as the best of the blank-check sports deals.

Whether you consider SPACs part of the meme stock madness of the pandemic or just another cyclical market mania, DraftKings’ success nevertheless helped the sector boom: During 2020 and 2021, some 466 SPACs held IPOs, according to data from the University of Florida’s Jay Ritter, who tracks IPOs.

Read more in this story from Sportico.