US EditionBritish fintech Wise to move primary listing to the U.S. in blow to London stock exchange
- Wise, a British fintech controlling £145bn in cross-border transfers last year, plans to switch its primary stock listing from London to the US while keeping a secondary London listing.
- The move follows Wise’s 17% rise in pre-tax profits to £564.8m for the year ending March 31, 2025, amid broader trends of UK companies leaving the London market for deeper US capital markets.
- Wise aims to accelerate its mission and expand in the US, the biggest market opportunity, leveraging the world’s most liquid capital markets to broaden its investor base.
- CEO Kristo Kaarmann described the move as strategic, highlighting that the US market's deep liquidity facilitates share trading, and emphasized that this decision does not reflect on UK regulatory efforts, which have aligned closely with those in the US.
- Wise’s listing shift highlights challenges for London’s financial market competitiveness despite UK efforts, while the company pledges continued UK investment supporting 20% of staff and its executive team.
38 Articles
38 Articles
Spectator UK
Politics, Policy, Political NewsIs the London Stock Exchange under threat?
London has become too bogged down in governance codes and listing rules to make a stock market quote worthwhile.
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.”[…] Read the rest
perspectivemedia.com
The Independent (US)Wise latest to unveil plans to switch main listing from London to New York
Under the plans, the firm would be dual listed with a secondary listing in London. British fintech firm Wise has revealed plans to switch its primary listing from London to New York in yet another setback for the City. The money transfer firm said the move would “help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our owners”. It wants to drive greater awareness of the brand in the US, which it …
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