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FanDuel Success Drives Flutter To Seek Primary Listing On NYSE

Benzinga · Apr 1 08:45

CRH +1.12% CVX -0.30% DKNG -2.81% FLUT +2.51% GMVHY +0.41%

FanDuelparent companyFlutter Entertainment Plc(NYSE:FLUT) plans to switch its primary listing from London to New York.

What Happened: Dublin-based Flutter asked shareholders on Monday to vote on May 1 to approve a shift in its primary listing to the U.S.

The goal is to capitalize on its fast-growing U.S. market by attracting new retail investors.

The company, which acquired FanDuel in 2018, is the world's largest online gambling group by market cap. It already has a secondary listing on theNew York Stock Exchange(NYSE), where ordinary shares were listed in January.

FanDuel — part...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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