Flutter Enters NYSE for Primary US Listing with Plans to Begin Trading

Flutter Entertainment, the leading gaming and entertainment company, revealed its plans to have its ordinary shares on the New York Stock Exchange (NYSE) start trading at 9:30 ET today. This move comes after the company announced its intentions to exit the Dublin Stock Exchange last week.

As part of the NYSE listing, Flutter stated that its ordinary shares on Euronext Dublin will cease trading as of 8:00 GMT today. However, the company confirmed that its shares will continue to trade on the London Stock Exchange (LSE).

Currently, Flutter’s shares on the LSE are traded under the existing ticker “FLTR.” Once the company’s shares begin trading on the NYSE, they will be using the ticker symbol “FLUT.”

The NYSE listing marks a significant milestone for Flutter as it looks forward to its transition to primary US listing. The company anticipates long-term benefits from this move, which are expected to contribute to its growth in the United States.

Peter Jackson, Flutter’s chief executive, emphasized the importance of the NYSE listing, stating that it will provide long-term benefits. He also highlighted the significance of the US primary listing for Flutter, especially considering the company’s leading position in the US market through FanDuel.

Flutter first recognized the potential of a strategic NYSE listing in February last year. The company believed that the listing would enhance its US profile and support talent retention and recruitment, while also granting access to new US investors and deeper capital markets. Additionally, the NYSE listing would allow Flutter to access different US indices as part of its pursuit of a primary listing in the US.

The decision to transition to the NYSE as a primary listing received strong support from existing shareholders and US investors. As a result, the company’s Board identified the NYSE as the “optimal location” for its shares. This transition proposal is set to be discussed at Flutter’s upcoming 2024 AGM on May 1, 2024. If approved by Flutter’s shareholders, the transition is expected to come into effect in either late Q2 or early Q3 2024.