Flutter Entertainment, the parent company of FanDuel, announced Friday it plans to remove its shares from the London Stock Exchange this August while maintaining its presence on the New York Stock Exchange, adding to concerns about London’s declining appeal to major corporations.
The gambling company stated that removing its London listing serves the best interests of its shareholders.
This move places Flutter among an increasing number of businesses that have either abandoned plans to go public in London, left the market entirely, or sought to take advantage of more robust international markets by reducing or eliminating their London stock presence.
