Flutter to List on the New York Stock Exchange in January
The firm, previously known as Paddy Power Betfair, is pursuing a secondary listing in the United States, although it may "pursue a primary listing in the US in due course."
Flutter, the renowned betting company, has stated that it plans to list on the New York Stock Exchange on January 29, but will maintain its premium listing in London.
The firm, previously known as Paddy Power Betfair, is pursuing a secondary listing in the United States, although it may "pursue a primary listing in the US in due course."
This year, the business is expected to produce over 40% of its sales from the US market.
“Flutter’s premium listing on the London Stock Exchange and inclusion in the FTSE 100 index will not be affected by the addition of this US listing,” the company declared in a stock market statement on Friday.
“Flutter’s shares will continue to trade on the LSE under its existing ticker symbol ‘FLTR’. From the point of the US listing, Flutter will also trade on the NYSE under the ticker symbol: ‘FLUT’.”
Flutter, which also owns the Sky Bet and PokerStars brands, operates FanDuel in the US. Flutter said that it has informed Euronext in Dublin of its decision to terminate its secondary listing.
“Flutter believes that it is appropriate to maintain just two listings to minimise regulatory complexities,” the company said.
