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DraftKings CEO Denies Reports Of IPO Offering Soon

The buzz around daily fantasy sports companies like DraftKings and FanDuel has already for a long time reached mainstream corporate world. With reports that no less than Walt Disney themselves investing $250 million in DraftKings, the overall perception of DFS companies is that they are a great investment for venture capital firms looking for a sizeable return on their investment.

The Disruptor List features privately owned companies from all sorts of industries ranging from retail to financial services whose innovations are changing the business landscape. They are “forward-thinking” startups that are potentially billion dollar businesses. For DraftKings to be included in this list alongside household names like Snapchat, Uber and Pinterest is a great marketing coup and shows just how good they are at leading their sector.
Their success has led to speculation that they are planning to launch an IPO soon. DraftKings CEO Jason Robins denied this in an interview with LegalSportsReport.com and said that currently an IPO is probably the last thing on our mind, He said” We’re just trying to build a great business and engage sports fans.”

Commenting on the reported deal with Walt Disney for $250 million, Robbins was cagy about the details and said, “I can’t comment specifically on the deal, but right now I think ESPN is the leader really in fantasy, they have become the company more than any that is identified with fantasy and identified with sports.” He went on to comment on ESPN who are partly owned by Walt Disney and said that ESPN are leaders in fantasy daily sports.

Author: Victor

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