Flutter’s NYSE Debut Marks Strategic Shift in Trading Landscape

With a major change in its trading approach, the gaming and entertainment giant Flutter made its formal debut on the New York Stock Exchange (NYSE) under the ticker FLUT. This action concludes Flutter’s secondary offering on Euronext Dublin and is consistent with the company’s announcement last month on its intention to list in the United States.

The NYSE listing is significant, according to Flutter CEO Peter Jackson, who says, “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.” This move is in line with Flutter’s US growth trajectory, which is mostly due to FanDuel’s success.

FanDuel’s Success Propels Flutter’s US Growth

Since being acquired in May 2018, FanDuel has developed into a significant force in the US sports betting and iGaming markets, having started as a daily fantasy sports operator. Flutter is concentrating on growing its market share in the US, as seen by its decision to stop trading on Euronext Dublin. Flutter is looking to make more strategic changes even while it continues to trade under the FLTR ticker symbol on the London Stock Exchange (LSE).

Apart from its NYSE debut, Flutter is also considering a move to a main listing in New York, in line with recommendations made last year. Long-term strategic and capital market benefits are anticipated from the move, including increased US visibility, better US talent recruitment and retention, access to deeper finance markets, and interaction with new domestic.

Flutter is considering a main listing on the New York Stock Exchange (NYSE) in response to comments from a large number of US investors. The firm is scheduled to debate this motion as a special resolution at the 2024 Flutter AGM on May 1, 2024, since it feels that moving to the NYSE is the best option for its principal listing. The change is expected to go into effect in late Q2 or early Q3, pending shareholder approval. This will herald in a new era for Flutter in the ever-changing world of international trade.

177% up to 5BTC + 77  Free Spins!

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins


The post Flutter’s NYSE Debut Marks Strategic Shift in Trading Landscape appeared first on iGaming.org.

Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124