Rob Coldrake named as Flutter’s new CFO after Paul Edgecliffe-Johnson steps down.
OSB giant's share prices shuffle after transfer of primary listing made official. Flutter Entertainment, an international online sports betting and iGaming operator that owns some of the world's biggest sports betting brands, such as FanDuel, has completed the move of its primary listing of shares from London to New York.
"Today marks an important milestone in the evolution of Flutter with the commencement of our primary listing on the New York Stock Exchange," Flutter CEO Peter Jackson said in a statement. The proposal mirrors what other firms have done recently, moving out of European listings and opting for a primary listing of their shares in U.S. markets. This is primarily due to valuations being higher compared to Europe. Flutter's shares continue to trade on the London Stock Exchange, however.As a result of Friday's move, group finance head Paul Edgecliffe-Johnson, has officially stepped down from his former roles as Flutter group Chief Financial Officer and executive director.
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