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Marquee Raine, SPAC Controlled by Cubs Owner, DraftKings Backer, Prices $325 Million IPOWritten by: Todd Shriber

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Marquee Raine Acquisition Corp., a special purpose acquisition company (SPAC), sold 32.50 million units at $10 apiece, pricing its initial public offering (IPO) at $325 million. The units start trading today on the Nasdaq Capital Market under the ticker “MRACU.” Underwriters have a 45-day window in which they can purchase another 4.875 million shares. In
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