In an announcement to the London Stock Exchange, Flutter has confirmed plans to list its company on the New York Stock Exchange effective Jan. 29, 2024.
The company, which is the parent company of FanDuel, is currently listed on the London Stock Exchange and Euronext Dublin. In its statement, Flutter has requested to simultaneously delist from Euronext Dublin to limit its listing to two exchanges. The company had previously announced plans to move into this direction.
Once it is listed on the NYSE, the company will trade under the symbol “FLUT”.
Shareholders in Flutter voted in April to proceed with a US listing. During the third quarter earnings call, Flutter CEO Peter Jackson noted that the company was making progress towards a US listing.
“Overall, the significant potential for US growth and ability to leverage scale benefits across our diversified portfolio outside of the US, underpins our confidence in our significant and sustainable long-term earnings growth potential,” he added.
At one point the company had flirted with the idea of spinning off The FanDuel Group and listing it as its own entity in the US. However, the NYSE listing will be for the entire Flutter portfolio, which also includes brands like PokerStars, Sky Betting & Gaming, and Betfair.
