Flutter will commence trading its ordinary shares on the New York Stock Exchange (NYSE).
The shares will go live today at 09:30 Eastern Time (ET), which translates to 14:30pm in London.
They will trade under the ticker symbol ‘FLUT’ on the NYSE and under ‘FLTR’ on the London Stock Exchange (LSE).
Peter Jackson, Flutter CEO, said: “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.
“We believe a US primary listing is the natural home for Flutter given FanDuel’s #1 position in the US, a market which we expect to contribute the largest proportion of profits in the near future.”
As part of this announcement, Flutter also explained that it has cancelled the secondary listing of its ordinary shares on Euronext Dublin, which went into effect at 08:00 GMT earlier today.
Currently, Flutter has a premium listing on the LSE and trades its ordinary shares through the Main Market.
However, the company has proposed moving its primary listening to the NYSE.
The Board at Flutter believes that this will boost the company’s presence in the US by gaining access to US domestic investors, enhancing its profile and supporting the recruitment of North American talent.
This proposition will be presented to the shareholders on 1 May 2024 during a Special Resolution.
If the move gains shareholder approval, the listing could go live in late Q2 or early Q3.
Although Flutter wouldn’t leave the UK share market entirely, as it would retain London as its second listing.
