Flutter Entertainment has announced its intention to delist ordinary shares from the London Stock Exchange (LSE), effective 8:00 am London time on 3 August 2026. The gaming operator will maintain its primary listing on the New York Stock Exchange (NYSE) under the ticker symbol FLUT.
The decision follows a review of listing arrangements highlighted during the group's Q1 results on 7 May. Management attributed the withdrawal to persistently low trading volumes on the LSE and the administrative costs associated with maintaining a dual listing.
Flutter has filed an application with the Financial Conduct Authority (FCA) to cancel its listing on the Official List. The final trading day on the London exchange is scheduled for Friday, 31 July 2026. UK investors will need to switch transactions to the NYSE market following the delisting.
Broader Market Trends
This move aligns with a wider trend of companies shifting primary listings to the US or withdrawing from UK exchanges. Bloomberg data indicates that 88 companies delisted or transferred their primary listing away from the LSE in 2024. London subsequently fell to 20th place in global IPO rankings for that year.
Peel Hunt equity analyst Ivor Jones noted that the decline stems from the UK's small share of total equity value. 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."
Previously, Flutter reported that the sustained low trading activity on the LSE necessitated a strategic change to optimise costs and compliance burdens.