LONDON: Flutter Entertainment, the global sports betting and gaming group, announced today that it has listed its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol “FLUT”.
The company also cancelled its secondary listing on Euronext Dublin, but retained its premium listing on the London Stock Exchange (LSE) under the ticker symbol “FLTR”.
The move is part of Flutter’s plan to pursue a primary listing in the US, which the Board believes will bring long-term strategic and capital market benefits, such as enhancing the Group’s profile in the US, attracting new investors, and accessing deeper capital markets. The proposal will be put to shareholders at the 2024 AGM on 1 May 2024, and if approved, the transition is expected to take place in late Q2/early Q3. Flutter will keep its UK listing as a secondary listing after the transition.
Peter Jackson, Chief Executive, commented: “With our NYSE listing effective today, this is a pivotal moment for the Group as we make Flutter more accessible to US based investors and gain access to deeper capital markets. We believe a US primary listing is the natural home for Flutter given Fanduel’s #1 position in the US, a market which we expect to contribute the largest proportion of profits in the near future.”
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