Fintech Wise to Leave UK in Blow for Failing London Stock Exchange
Coming alongside London’s recent falls in global IPO rankings are the departures of numerous big beasts to alternative stock markets – usually in the US. This time it is celebrated British fintech Wise…
Wise announced this morning:
“We believe the addition of a primary US listing would help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our owners.”
The 15-year-old UK company intends to switch its primary listings to New York – more info will be released at the end of the month ahead of a shareholder vote. Wise claimed at the time of its £9 billion 2021 London listing that it was there to stay. Labour couldn’t hold on to it…
This is two weeks after Revolut announced plans to up sticks to Paris. London Tech Week starts next Monday. Off to quite a start…
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