Finance

Flutter raises £812m in new share capital issue as group revenue jumps 10% in Q2

Newly-enlarged business targets additional investment amid accelerated US strategy

Flutter Entertainment has raised £812m in new capital by issuing 8,045,995 new shares to institutional investors as it seeks to reduce annual costs and increase its investment in the US. International brokerage firms Goldman Sachs and J&E Davy worked as joint bookrunners in respect of the new shares. The placement raised gross proceeds of £812,645,495,…

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