Rush Street Interactive (RSI) is set to be the latest US online gambling operator to go public after agreeing a reverse merger with special purpose acquisition company dMY Technology Group.
The merger – approved unanimously by the boards of both businesses and expected to close later this year – will see Rush Street trade on the NYSE with an initial enterprise value of around $1.78bn, using the ticker symbol “RSI”.
“We started RSI in 2012 to create a fun and engaging online experience for the US gaming customer and we now have a great opportunity to accelerate our growth in this dynamic market,” RSI chief executive Greg Carlin said. “We are looking forward to investing further in market expansion, product innovation, and growing our talented team.”
Rush Street’s announcement follows Golden Nugget Online Gaming’s decision to go public on the Nasdaq exchange last month, while DraftKings also traded on the exchange after agreeing a merger with SBTech.