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Feb 14 2023, 07:15 GMT
Flutter has this morning announced that, having assessed its listing structure, it has reached a preliminary view that an additional US listing of its ordinary shares will yield a number of strategic and capital markets benefits. Overall, we view this proposal positively. If successful, it will bestow virtues such as giving it greater access to deeper capital markets and new US domestic investors as well as enhancing liquidity. Furthermore, it would raise its overall profile in its biggest market and satisfy key strategic objectives that management previously alluded to.
Feb 14 2023, 07:15 GMT