Smith Square Partners supports Flutter Entertainment plc with its listing on the New York Stock Exchange

Flutter Entertainment plc (“Flutter”) has announced the listing of the company’s ordinary shares on the New York Stock Exchange (“NYSE”). As outlined in its announcement in February 2023, the Board of Flutter believes listing on the NYSE will unlock long-term strategic and capital market benefits by:

• Enhancing the Group’s profile in the US
• Better enabling the recruitment and retention of US talent
• Giving the Group access to much deeper capital markets, and to new US domestic investors
• Providing greater overall liquidity in Flutter shares
• Giving optionality to pursue a primary listing in the US – one of the criteria for access to important US indices.

Peter Jackson, Chief Executive of Flutter, commented:

“With our NYSE listing effective today, this is a pivotal moment for the Group as we make Flutter more accessible to US based investors and gain access to deeper capital markets. We believe a US primary listing is the natural home for Flutter given Fanduel’s #1 position in the US, a market which we expect to contribute the largest proportion of profits in the near future.”

Smith Square Partners worked closely with the Executive Committee and management team of Flutter for more than 12 months on this complex project.