FanDuel‘s parent company, Flutter Entertainment plc, is on track to commence with a U.S. listing by the end of 2023 after the company gained overwhelming support from shareholders this week.
Flutter, one of the world’s largest gambling companies, received approval from approximately 99% of voting shareholders at Thursday’s annual general meeting. The U.K.-headquartered company needed to gain approval from at least 75% of votes cast in order to go public in the U.S.
Flutter announced in February that it would begin consulting with shareholders on a secondary listing in the U.S. At the time, Flutter noted that the listing would provide numerous long-term benefits in giving the company access to deeper capital markets abroad, as well as new U.S. domestic investors.
