Flutter, a chief participant withinside the iGaming industry, has indexed its regular stocks at the New York Stock Exchange (NYSE) as of January 29, 2024. Trading at the NYSE is about to start at 9:30 AM ET. Alongside this new development, Flutter has ended its secondary list on Euronext Dublin from 8:00 AM GMT at the identical day. The agency is still indexed at the London Stock Exchange (LSE), wherein its stocks are nonetheless actively traded.
In the NYSE, Flutter’s stocks could be traded below the image “FLUT” (CUSIP No.: G3643J 108), whilst at the LSE, the buying and selling image remains “FLTR”.
Flutter’s Board of Directors has proposed transferring its number one list to the NYSE. This choice follows discussions with US buyers, each present day and potential, and worldwide shareholders because February 2023. The remarks indicates help for this flow. The Board believes that this transition to the NYSE will provide diverse benefits, together with get entry to to deeper capital markets and accelerated liquidity for Flutter stocks. This flow is likewise visible as a step toward probably assembly the standards for inclusion in predominant US indices.
The plan to shift the number one list to the NYSE could be recommend for shareholder approval on the Annual General Meeting (AGM) scheduled for May 1, 2024. If shareholders approve, the transition is anticipated to be finalized among past due Q2 and early Q3 of this year.
Following this transition, Flutter intends to hold its UK list as a secondary list. This choice objectives to permit a huge variety of buyers to keep proudly owning Flutter stocks. More information about this modification could be shared withinside the lead-as much as the AGM.
Peter Jackson, Chief Executive, commented: “With our NYSE list powerful today, this is a pivotal second for the Group as we make Flutter extra on hand to US primarily based totally buyers and benefit get entry to to deeper capital markets. We accept as true with a US number one list is the herbal domestic for Flutter given Fanduel’s #1 role withinside the US, a marketplace which we count on to make a contribution the biggest percentage of earnings withinside the close to future.“