Flutter, a major player in the iGaming industry, has listed its ordinary shares on the New York Stock Exchange (NYSE) as of January 29, 2024. Trading on the NYSE is set to begin at 9:30 AM ET. Alongside this new development, Flutter has ended its secondary listing on Euronext Dublin from 8:00 AM GMT on the same day. The company continues to be listed on the London Stock Exchange (LSE), where its shares are still actively traded.
In the NYSE, Flutter’s shares will be traded under the symbol “FLUT” (CUSIP No.: G3643J 108), while on the LSE, the trading symbol remains “FLTR”.
Flutter’s Board of Directors has proposed moving its primary listing to the NYSE. This decision follows discussions with US investors, both current and potential, and global shareholders since February 2023. The feedback suggests support for this move. The Board believes that this transition to the NYSE will offer various benefits, including access to deeper capital markets and increased liquidity for Flutter shares. This move is also seen as a step towards potentially meeting the criteria for inclusion in major US indices.
The plan to shift the primary listing to the NYSE will be put forward for shareholder approval at the Annual General Meeting (AGM) scheduled for May 1, 2024. If shareholders approve, the transition is expected to be finalized between late Q2 and early Q3 of this year.
Following this transition, Flutter intends to maintain its UK listing as a secondary listing. This decision aims to allow a broad range of investors to continue owning Flutter shares. More details about this change will be shared in the lead-up to the AGM.
Peter Jackson, Chief Executive, commented: “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.“