Golden Nugget’s Parent Company Slated to Go Public at $6.6 Billion Valuation
Golden Nugget’s Parent Company Slated to Go Public at $6.6 Billion ValuationFebruary 1, 2021
The parent company of the Golden Nugget casino brands plans to go public through a blank check company in order to quickly raise capital for pandemic-related deals. Thomas Duesing / Wikimedia
Skift Take: Going public through a special purpose acquisition company, or SPAC, is a trend on the rise. It specifically helps the parent company behind Golden Nugget and Landry’s free up cash and quickly take advantage of distressed acquisition deals rather than a protracted IPO process.
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