flutter

Flutter goes live on NYSE with primary listing

Flutter Entertainment Plc has put out an update announcing that its primary listing is now on the New York Stock Exchange (NYSE). 

The listing follows the transfer of the company’s listing category from “Premium Listing”, or a commercial company, to “Standard Listing”, or shares, on the official list of the UK’s Financial Conduct Authority (FCA). 

SBC News Flutter goes live on NYSE with primary listing
Peter Jackson, Flutter CEO

On the development, Peter Jackson, CEO of Flutter Entertainment, commented: “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.”

Flutter has continuously engaged with US investors since February last year over the potential moving of the company’s primary listing to the US. After a constant stream of “supportive feedback”, the first step in the process was marked in January 2024, when Flutter’s ordinary shares were listed on NYSE. 

The company’s shares will continue to be eligible for trading on the London Stock Exchange as Standard Listing. 

In another development for the NYSE-listed gaming brand, company CFO and Executive Director Paul Edgecliffe-Johnson announced his departure from the company, to be succeeded by Rob Coldrake with immediate effect. 

According to Flutter’s official statement, the main driving force behind the decision is the group’s route towards the US, with Edgecliffe-Johnson coming short of sailing along due to “family commitments” in the UK. 

On Edgecliffe-Johnson’s departure, Flutter Entertainment’s CEO commented: “I would like to thank Paul for his contribution to the Group, particularly in relation to achieving our US primary listing, and I wish him and his family well.” 

As for his successor, Coldrake has been holding the position of CFO for Flutter International since joining the group in 2020. 

Jackson added: “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.” 

Comments were also provided by Flutter Chair John Bryant, who said: “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 into the future. I would also like to take the opportunity to wish Paul well and to thank him for his contribution to the Group.”

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