Flutter Entertainment, parent company of FanDuel, will be joining the New York Stock Exchange (NYSE) in January.
As part of the move to the NYSE, Flutter will be canceling the trade of its stocks on Euronext Dublin. The final day of trade on the platform will be January 23 2024, with trade on the NYSE expected to commence roughly a week later.
Despite the change in stock exchange listing, the move will not affect the company’s listing on the London Stock Exchange (LSE) or its place in the FTSE 100 Index.
The Index lists the top 100 companies on the LSE based on market capitalization, with other companies listed on the exchange including Shell, HSBC and more.
While the ticker on the LSE is currently FLTR, on the NYSE the company ticker will be listed as FLUT. Since the start of day trade at 8am GMT stock prices have risen, up over £1.40 ($1.76) in an hour.
Flutter has also announced the date of its annual financial report, with a full report set for March 26 2024, with a brief Q4 and 12-month update on January 18.
For the year so far, Flutter has reported positive growth. Its Q3 results showed a 13% total revenue increase from the same period in 2022, despite declining revenue from Australia and its H1 results showing a total revenue of £4.8bn ($6bn).
This was a four-year high for the company and year-on-year growth of 42%.
The official date for the launch on the NYSE is January 29, 2024.
