FanDuel's parent company, Flutter Entertainment, plans to list on the New York Stock Exchange (NYSE) on January 29 to better match with its US market focus. It will also delist from the Dublin Stock Exchange at the same time. The business will continue to persist on the London Stock Exchange (LSE), indicating a strategic change in how it conducts business internationally.
Supported by the shareholders, this action entails a change in share settlement procedures, expected to be finished early on January 29. This NYSE listing is made possible by the decision to halt trading in Dublin.
Due to legal obstacles in Europe, Flutter is focusing more on the US, where its Q4 2023 figures indicate a solid presence in iGaming and betting. The approach taken by CEO Peter Jackson highlights FanDuel's leading position in the expanding US online gaming industry.
An important step in expanding its footprint in North America and gaining access to more extensive capital markets is Flutter's NYSE debut, which it made under the ticker 'FLUT'. This calculated action is a component of Flutter's strategy to profit from the expanding US gaming market.
