#us-listing

#us-listing

Flutter Entertainment, owner of Paddy Power and Betfair, has said it is considering a full delisting from the London Stock Exchange, which would mark another significant setback for the City as major companies continue to shift towards the US market. The gambling giant said it was reviewing its secondary London listing and could ultimately decide to cancel it entirely, with an update expected by the end of June.

Klook, a Hong Kong- and Singapore-based travel booking company, is filing for an initial public offering in New York, showing that despite the events of the past year, the U.S. remains a top listing destination for Asian companies. The company, founded in 2014 by Ethan Lin and Eric Gnock Fah, claims to be the largest experience booking platform in Asia by gross transaction volume, with 65 million experiences booked in the twelve months ending Sept. 30. In its IPO prospectus, Klook revealed that it generated $417.1 million in revenue in 2024, a 24% increase. Yet the company isn't profitable, losing $99.3 million last year.