FanDuel parent Flutter lists on the NYSE, challenging DraftKings as sports-betting pure play
Publishing timestamp: 2024-01-29 12:25:54
Summary
Flutter, the parent company of FanDuel, has listed on the New York Stock Exchange (NYSE) under the ticker symbol FLUT. This secondary listing offers U.S. investors an alternative to DraftKings, the biggest pure play in sports betting. While FanDuel outperforms its competitors in terms of market share, DraftKings receives more attention in the media as the only publicly traded pure play in sports betting. Flutter hopes to gain some of the glory and capital by listing on the NYSE. Jefferies analysts believe Flutter could receive a 20% premium on DraftKings' valuation.
Sentiment: MIXED
Tickers: FLTR-GB, DKNG, CZR, PENN,
Keywords: united states, flutter entertainment plc, caesars entertainment inc, breaking news: markets, markets, stock markets, business, sports betting, draftkings inc, business news, gambling industry, penn entertainment inc, sports, london,
Source: https://www.cnbc.com/2024/01/29/fanduel-parent-flutter-lists-on-the-nyse.html