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Blip enters the New York Stock Exchange

The Porto Leading Investor Blip is part of the Flutter group, which is about to enter the New York Stock Exchange. With "high expectations", Sara Sousa will represent the Porto technology company at the Wall Street ceremony.

Blip enters the New York Stock Exchange
Observador · 25 Jan 2024

At the traditional and emblematic bell ringing ceremony that marks the start of stock trading on Wall Street, there will be a Portuguese woman, Sara Sousa. The Blip General Manager will be traveling to the United States to represent the company, based in Porto, the "main technological hub" of the Irish group Flutter Entertainment, which specializes in sports betting, gaming, and online entertainment. The group will debut on the New York Stock Exchange on January 29.


With "high expectations", the general manager of the Porto Leading Investor, which specializes in developing tailor-made software for web and mobile in the sports betting area, anticipates a day that will be "special and unforgettable" as a representative of more than 700 workers who, she says, "contribute so much to the success of Blip, not only as a technological hub of excellence in Portugal but also of the Flutter group".


"It's all of us who will be at the famous counter when the bell rings. I hope it will be a beautiful celebration and highlight the 15 years of history we are celebrating this year," said Sara Sousa, quoted in a statement released this Wednesday, recalling that Blip was born in 2009.


For the Portuguese company, Flutter's entering the New York Stock Exchange means "gaining access to the North American capital market and new investors", which shows its "ambition to continue leading the industry on a global level". A development which, she argues, will have "direct repercussions on Blip, which serves the group's main brands in Europe, the United States and, this year, also in Australia".


Sara Sousa also talked about a landmark moment for Blip, which "has played a decisive role in the group's growth, particularly in the United States", which is now its main market. "Fan Duel, our North American brand [from the Flutter group], has established the go-to-market and won the race against the competition in the sports betting sector, largely because it uses the platforms and technological and product knowledge of the Blip teams, which was at the genesis of what is now an undisputed market leader, with more than a 50% share of one of the world's largest markets," she adds.