Flutter to delist from London on 3rd August as NYSE remains main trading venue

Flutter Entertainment will delist its ordinary shares from the London Stock Exchange on August 3, with the final day of LSE trading scheduled for July 31, 2026.

The FanDuel owner will continue to trade on the New York Stock Exchange under the ticker FLUT. Flutter said it had applied to the Financial Conduct Authority to cancel its listing on the Official List and asked the LSE to remove its shares from the main market. Under current FCA rules, shareholder approval is not required if regulatory conditions are met, while at least 20 business days’ notice is required before delisting.

Flutter said the decision followed a review of its listing arrangements first flagged in its first-quarter results on May 7. The company cited persistently low trading volumes in London and the cost, regulatory and administrative burden of maintaining a dual listing. Management said the move was in the “best interests of the company and its shareholders”.

The delisting will require investors who trade Flutter through London to use the NYSE once the cancellation takes effect. Brokers and custodians generally support cross-listed securities, but changes in execution and custody arrangements could affect liquidity and trading costs, particularly for smaller UK retail investors.

Flutter generated $4.3 billion in revenue in the first quarter of 2026. The United States accounts for about 42% of sales, and FanDuel holds a leading 39% share of the U.S. betting market. Flutter first listed on the NYSE in January 2024 and later made it the group’s primary listing.

CEO Peter Jackson

At the time of the NYSE listing, CEO Peter Jackson said: “We believe a US primary listing is the natural home for Flutter given FanDuel’s number one position in the US, a market which we expect to contribute the largest proportion of profits in the near future.”

The move comes as UK markets face continued pressure from companies shifting listings or reducing exposure to London. Up to 88 companies delisted or transferred their primary listing away from the LSE in 2024. Bloomberg data showed London ranked 20th globally for initial public offerings that year, with 18 companies listing.

Ivor Jones, equity analyst at Peel Hunt, told iGB last year: “The UK is a small market and a small share of total equity value, and that has put pressure on valuations.”

He added: “UK investors have been seeing higher interest rates available if they’ve got cash to invest, or higher interest rates making their mortgage more expensive. They’ve been selling UK equity and they’ve been turning it into something else. So there’s been a constant outflow.”

Flutter’s stock has fallen nearly 60% over the past 12 months, with losses accelerating since the start of 2026. Last month, FanDuel parted ways with former CEO Amy Howe, with Jackson calling it the “right moment for new leadership”.