Analysis: Irish companies just don’t see Euronext as a viable way of raising capital

Flutter announced this week that it was withdrawing from the Dublin stock exchange – the 20th company to exit in the last five years

Daryl Bryne, CEO of Euronext: The Dublin stock exchange is part of the wider Euronext group of stock exchanges. Picture: Fergal Phillips

You’d have expected the mood to be pretty bleak in Dublin’s capital markets industry on Wednesday, when Flutter confirmed it was exiting Dublin’s stock exchange as part of a plan to list in the US.

After all, the Paddy Power was the biggest company left on Euronext Dublin after the well-publicised departure of CRH, the building materials giant, in September.

According to one senior source, however, the news – and the spate of negative headlines ...