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FanDuel’s Parent Company Flutter To List On NYSE
It’s a secondary listing for Flutter, an international gambling company that’s headquartered in Dublin, Ireland, and whose shares already trade on the London Stock Exchange.
However, the listing in New York gives U.S. investors an alternative to the biggest American sports betting stock, DraftKings (DKNG).
The listing in New York comes as the U.S. becomes Flutter’s most important market for revenue and market share growth, and where FanDuel is the current leader in online sports betting.
In the fourth quarter of 2023, FanDuel had a 43% U.S. market share based on gross revenue and 51% based on net revenue.
While DraftKings’ stock has gained 163% in the last 12 months, including a 15% increase so far in 2024, the company remains unprofitable. In contrast, Flutter is posting profits.
Flutter’s shares will trade on the New York Stock Exchange under the ticker symbol “FLUT.” In London trading, Flutter’s stock has risen 31% over the last 12 months.
