Paddy Power owner, Flutter Entertainment, is aiming to complete the move of its primary share listing from London to New York by the end of the month, its chief executive said today.
Peter Jackson was speaking after shareholders overwhelmingly backed the transfer of the listing at the company's AGM in Dublin this morning."We will do everything we can to make ourselves eligible for inclusion in the US indices, as quickly as we can," he added.
The Flutter CEO said the liquidity pools in the American market are much greater than other markets around the world, with higher volumes of trading than in Dublin and London. He added that stockmarkets in Europe and in the UK need to be very much focused on how they can drive up liquidity, which is a true test of an exchange.
"Our particular concern is around the potential impact for unintended consequences if some of these things are removed," he stated.
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