(AsiaGameHub) – By: Robert Kensington
Flutter Entertainment has announced its plan to delist from the London Stock Exchange (LSE) by August 2026. Despite this, its shares will continue trading on the New York Stock Exchange (NYSE) under the ticker symbol FLUT.
The company attributes this move to persistently low trading volumes on the LSE and the increasing costs, regulatory complexities, and administrative burdens associated with maintaining a dual listing.
This decision aligns with a broader trend among London-listed companies in recent years. In 2024, 88 companies either delisted or transferred their primary listings away from the LSE. Bloomberg data shows that London fell to 20th place in the global IPO rankings in 2024, with only 18 companies listing during the year.
Flutter’s expansion into the US market, mainly through FanDuel, has made the NYSE its more active and liquid exchange. The company joined the NYSE in January 2024. Management emphasizes that this delisting is in the “best interests of the company and its shareholders,” focusing on markets that maximize investor liquidity and capital access.
Under current FCA listing rules, shareholder approval is not required for the LSE listing cancellation, provided all regulatory conditions are met. However, this move may face increased scrutiny from UK policymakers advocating for a more competitive domestic capital market and retaining UK companies’ listings.
Flutter generated $4.3 billion in revenue in Q1 of 2026. It will continue trading on the NYSE without interruption while preparing to cease trading on the LSE. The company’s stock price has dropped nearly 60% over the past 12 months, with losses accelerating since the start of 2026.
Author bio: Robert Kensington, an overseas entrepreneurial veteran with decades of experience in real-economy industrial investment and expansion.