Flutter Entertainment (Flutter Entertainment 25,47 0,00%) — the parent company of FanDuel, PokerStars, and other online gaming brands — will move its stock listing to the NYSE.
The company first started listing on the New York Stock Exchange in Jan. 2024. At the same time, it proposed a move to make the NYSE its primary listing.
Shareholders overwhelmingly approved the transition to the NYSE as Flutter’s primary listing, garnering 98% of votes in favor.
A Stock Switcharoo for Flutter’s US Growth
Flutter expects the move to be completed by the end of May 2024. The NYSE will become the company’s primary listing while the London Stock Exchange (LSE) will move to its secondary listing.
In January, when Flutter first opened its secondary listing on the NYSE, the company said it had a few key goals in mind:
- Enhance the Flutter Group’s profile in the US
- Fuel more recruitment and retention in the US
- Access to more capital and investors in the US
- Higher Flutter share liquidity
At the time of the January listing, FanDuel CEO Peter Jackson 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.”
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