Flutter, the parent company of FanDuel, has made its debut on the New York Stock Exchange, providing U.S. investors with an alternative to DraftKings, the leading player in sports betting.
This secondary listing for the international sportsbook will not affect its primary listing on the London Stock Exchange and its inclusion in the FTSE 100 index.
With FanDuel leading the market share in the United States, where it generates the most revenue and growth, the company had a 43% market share based on gross revenue and 51% based on net revenue in the fourth quarter.
Former NFL tight end Rob Gronkowski was present at the IPO celebration of Flutter Entertainment, the parent company of FanDuel, at the New York Stock Exchange on January 29, 2024.
Despite FanDuel’s strong performance, DraftKings continues to dominate the headlines and media attention as the biggest player in the industry.
2024-01-30 14:23:17
Source from www.cnbc.com