Flutter Entertainment to be listed on NY Stock Exchange

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Flutter Entertainment to be listed on NY Stock Exchange

Flutter Entertainment Plc has announced that its primary listing is now on the New York Stock Exchange (NYSE).

This follows the company’s transition from a “Premium Listing” for commercial companies to a “Standard Listing” for shares on the UK’s Financial Conduct Authority (FCA) official list.

Peter Jackson, CEO of Flutter Entertainment, remarked:

Today marks an important milestone in the evolution of Flutter with the commencement of our primary listing on the New York Stock Exchange. This closely follows the recent move of our operational headquarters to New York, both reflecting the increasing importance of the US sports betting and iGaming market to our business. We have a fantastic position in the US, with FanDuel the clear number one operator, and we look forward to this next step on our journey.

Since February last year, Flutter has actively engaged with US investors about the potential relocation of its primary listing to the US. After receiving consistent and positive feedback, the first step was taken in January 2024, when Flutter’s ordinary shares were listed on the NYSE.

The company’s shares will remain eligible for trading on the London Stock Exchange under a Standard Listing.

In another development, CFO and Executive Director Paul Edgecliffe-Johnson announced his departure, with Rob Coldrake succeeding him immediately. According to Flutter’s official statement, the group’s strategic focus on the US was a significant factor in this decision, with Edgecliffe-Johnson unable to relocate due to family commitments in the UK.

Commenting on Edgecliffe-Johnson’s departure, CEO Peter Jackson said:

I would like to thank Paul for his contribution to the Group, particularly in achieving our US primary listing, and I wish him and his family well. I am delighted that Rob will become our next Group CFO. During his four years at Flutter, he has shown himself to be a CFO of exceptional calibre, and his skills and experience will help us to take advantage of the significant opportunities before us.

Flutter Chair John Bryant also commented:

The Board welcomes the appointment of Rob as Group CFO and is especially delighted we were able to develop such a high-quality executive within our own business. We look forward to working with him and the team in the future. I would also like to take the opportunity to wish Paul well and to thank him for his contribution to the Group.