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Best foot forward: Paddy Power owner Flutter is on his way to New York
Paddy Power owner Flutter hopes to attract US retail investors through its listing on Wall Street next month.
The gambling giant plans to move its main operations from London to New York at the end of May, following a shareholder vote on May 1.
Flutter, which also owns Betfair, hopes its booming US business FanDuel can turn US customers into shareholders. Flutter added a secondary listing in New York in January, which boss Peter Jackson recently described as the company’s “natural home.”
According to Jackson, shifting its main trading activities to the US would also help the group move closer to inclusion in the S&P 500.