Ann: Intention to Undertake a Capital Raise, page-217

Draftkings had half year loss of USD$230m, but is valued at USD$13B, 8 times of PBH.
Everyone has own valuation, just like Credit Suisse put a target of $6.50, but Bell Potter $18.40

NBC's 66.8m options (exercise price $13/share), is obviously interesting. The option is valued at $1.5749, that means the effective cost per share is $14.5749

Why is NBC happy with indicative share price of $14.5749?


The Consideration Options will be exercisable at A$13.00 per option (“Exercise Price” within the three months prior to the date representing the fifth anniversary of the Subscription Agreement (subject to customary early exercise rights in the event of a Liquidity Event – see Appendix B for full details). The agreed value of the options is A$105,324,471 (“Consideration Options Value” representing A$1.5749 per option.