Flutter Entertainment has strategically decided to stop trading on Euronext Dublin, and on January 29th, they aim to fully delist. In addition, the business plans to list simultaneously on the New York Stock Exchange (NYSE) on the same day, under the ticker FLUT.
To support Flutter’s ambitious objectives in the US market, a decision to list in the US was made in February 2023. This action is in line with the business’s significant national expansion, which is mostly attributable to FanDuel’s success. Since being acquired in May 2018, FanDuel has become into a significant participant in the US iGaming and sports betting markets.
Trading Continuity and Ongoing Growth
Flutter’s common shares will shortly be listed on the New York Stock Exchange (NYSE), subject to the US Securities and Exchange Commission’s approval of its Form 20-F Registration Statement. Until then, shares are still eligible and can be traded on the LSE flagship market. A smooth transition is anticipated as the group anticipates the listing procedure to be completed before the market opens on January 29.
With FanDuel’s success acting as a major catalyst, Flutter’s growth trajectory in the US market has been clearly visible. Reiterating the significance of the US market within its broader strategy framework, the business reported sustained growth in its most recent trade update for 2023.
With its impending NYSE listing, Flutter Entertainment is set to achieve a noteworthy milestone as the Euronext Dublin delisting draws near, demonstrating its dedication to steady growth and global expansion.
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