Gambling group Flutter Entertainment said today it was working towards an effective listing date of January 29 for its ordinary shares on the New York Stock Exchange and also plans to cancel its secondary listing in Dublin the same day.
The Paddy Power owner had decided in November to delist from Euronext Dublin, the Irish Stock Exchange.
Flutter had expressed hopes of staying in Dublin alongside its primary London listing and new Wall Street listing but said that keeping two listings would "minimise regulatory complexities".
In a statement today, the company said that it had notified Euronext Dublin of its intention to cancel its secondary listing on Euronext Dublin with effect from 8am on Monday, 29 January 2024.
It said the last day of trading of its ordinary shares in Dublin will be Tuesday 23 January, with trading suspended from close of business on that day to allow for the settlement of pending trades and repositioning instructions, in advance of effectiveness of the US listing.
Flutter's listing on the London Stock Exchange will not be affected by the US listing, the company added.
Europe's STOXX has decided to remove Dublin-based Flutter from the index from December. 18, the company said today.
The online betting firm, which also owns BetFair and FanDuel, has been working on plans to list in the US since the start of the year.
Flutter in October said it was closing 21 of its Paddy Power betting shops around the country after a review of its operations. After the closures the company will still operate a total of 230 shops around the country.
Flutter's decision to leave Dublin is the latest blow for the Irish Stock Exchange after building materials giant CRH left for New York in September and Smurfit Kappa prepares to follow suit as part of an $11 billion deal to buy US rival WestRock.
