DKNG - Los Angeles Dodgers co-owner Todd Boehly launches $500M IPO for third SPAC

Los Angeles Dodgers co-owner Todd Boehly launched a $500M IPO for his third special purpose acquisition company on Wednesday, just weeks after his second SPAC popped 20% on word it could buy gambling-data company Sportradar at a $10B valuation.Boehly filed an S-1 with the U.S. Securities and Exchange Commission for Horizon Acquisition Corp. III (HZNA.U), his third SPAC.The filing comes three weeks after Horizon Acquisition Corp. II (HZON), Boehly’s second SPAC, briefly soared after Bloomberg reported it was in talks to buy Sportradar.Sportradar provides sports news, scores, photos and other data to sports-gambling apps and other clients at a time when more and more U.S. states are legalizing sports bookmaking.Horizon Acquisition Corp. II (HZON) raised $500M through an initial public offering that closed in October, but the SPAC has yet to make an M&A deal.Similarly, Boehly’s first SPAC, Horizon Acquisition Corp. I (HZAC), took in $544M last August but has not

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Los Angeles Dodgers co-owner Todd Boehly launches $500M IPO for third SPAC