In a strategic move to expand its presence in the United States market, Flutter Entertainment has concluded its trading activities on Euronext Dublin and is set to make its debut on the New York Stock Exchange (NYSE).
Flutter Entertainment officially halted trading of its shares on the Irish stock exchange on January 23, with the delisting scheduled for January 29. While Flutter’s ordinary shares will no longer be available for trading on Euronext Dublin, they will continue to be eligible for trading on the main market of the London Stock Exchange (LSE). The decision to delist from the Dublin stock exchange is a strategic move that aligns with Flutter’s broader plans for growth and expansion, particularly in the United States market.
Flutter Entertainment’s imminent listing on the New York Stock Exchange marks a significant milestone for the company. Pending approval of its Form 20-F Registration Statement by the U.S. Securities and Exchange Commission, Flutter aims to launch its ordinary shares on the NYSE before the market opens on January 29. Officials say the move reflects the company’s commitment to expanding its foothold in the lucrative U.S. market and capitalizing on the opportunities it presents.
The decision to pursue a U.S. listing was initially proposed in February 2023, and it has been a key part of Flutter’s growth strategy. With the dual listing, Flutter aims to enhance its visibility and accessibility to investors in the United States, ultimately driving growth and maximizing shareholder value. The company’s brands, including PokerStars, FanDuel, PaddyPower, Sportsbet, and Betfair, have already gained significant traction in the US market, and the NYSE listing is expected to further solidify Flutter’s position as a leading player in the industry.
During Flutter’s annual general meeting in April, shareholders overwhelmingly endorsed the proposal for a dual listing. This endorsement reflects the confidence and support of Flutter’s investors in the company’s growth prospects and strategic vision. Following the endorsement, Flutter has diligently worked towards completing the necessary processes and obtaining the required approvals to facilitate the NYSE listing.
