FanDuel parent Flutter joining the big leagues. Moving primary listing to U.S. from U.K. may spur investor interest

Flutter could benefit from a change in investor attention once it finalizes a switch to the New York Stock Exchange, according to UBS.

Online betting giant Flutter Entertainment is planning to solidify its corporate presence in the U.S., which could help put its stock on an equal footing with its sports gambling rivals, according to UBS. The Dublin-based parent company of FanDuel launched a secondary listing of its shares on the New York Stock Exchange on Jan. 29. Shareholders have since voted to making the NYSE the primary listing for the stock rather than London, and that change is slated to take effect May 31.

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