Listen To Article
Flutter Entertainment has revealed its intention to list its ordinary shares on the New York Stock Exchange (NYSE) by 29 January 2024.
This initiative is subject to the effectiveness of its Form 20-F Registration Statement filed with the US Securities and Exchange Commission.
The last day of trading for Flutter’s ordinary shares on Euronext Dublin will be 23 January 2024 – with a trading suspension thereafter to facilitate the settlement of pending trades.
With the impending delisting from Euronext Dublin, Flutter acknowledges the removal of its inclusion in the Eurostoxx index by Stoxx, effective from 18 December.
However, this change will not affect Flutter’s premium listing on the London Stock Exchange (LSE) and its inclusion in the FTSE 100 index.
The company’s shares will continue to trade on the LSE under the ticker symbol ‘FLTR’ and will simultaneously trade on the NYSE under the symbol ‘FLUT’ post-US listing.
Flutter plans to release its full-year results for the 12 months ending 31 December 2023, under US GAAP on 26th March 2024.
On 18 January 2024, the company will provide a brief trading update for the three-month-period ending 31 December 2023 and the full-year 2023.
This strategic move towards a US listing aligns with Flutter’s aim to optimise its operational structure, leveraging the strengths of the NYSE market while maintaining a presence in the UK market through the LSE. In recent weeks, Flutter’s UK and Ireland division has demonstrated a commitment to social responsibility, raising up to £8m ($10.1m) for charitable initiatives through campaigns hosted by brands like Paddy Power, Sky Betting & Gaming and Betfair.
These campaigns have supported various charitable causes, including donations to Prostate Cancer UK, the Injured Jockeys Fund and initiatives in partnership with the English Football League (EFL).
Moreover, Flutter has expanded its collaboration with Pragmatic Play to offer live casino content for Paddy Power and Betfair brands, marking the next milestone in their existing partnership that began in 2019.
