Flutter Entertainment has informed its investors that it is now considering the benefits of an additional US listing of ordinary shares.
The news of the investor consultation comes following a positive year for Flutter’s FanDuel brand. According to data released on capital markets day in November 2022, FanDuel is on track to become the group’s largest revenue generator and now accounts for a significant portion of its overall value.
The Flutter Board has explained to investors an additional US listing of the group’s shares would help by:
- Grow the Group’s profile in the US
- Enable the recruitment and retention of US talent
- Provide access to deeper capital markets and to new US domestic investors
- Provide greater overall liquidity in Flutter shares
- The option to pursue a primary US listing
The Board also stated that it will begin the consultation process immediately.
Flutter’s shares are currently traded in London and Dublin.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.