Finance

Flutter raises $1bn in additional shares to boost US investment

Operator hoping to accelerate US strategy to provide the “best possible platform” for future success post-merger

Flutter Entertainment has raised $1bn by issuing 8,045,995 new shares to institutional investors as it looks to reduce annual costs and increase its investment in the US. The final figure fell just under the $1.05bn initial estimate revealed at the launch of the share issue on Thursday afternoon. In addition to preparing for potential M&A…

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