Why the U.S. Tax Bill's Section 899 Could Push European Firms to List in the U.S.

Why the U.S. tax bill's Section 899 could push European firms to list in the U.S.

Goldman Sachs identified a U.S. re-listing as one measure European companies could take to avoid the impact of Section 899 taxes.

British Fintech Wise to Shift Primary Listing to U.S., Dealing Blow to London Stock Exchange

British money transfer company Wise announced Thursday that it intends to move its primary stock listing to the United States, while maintaining a secondary listing on the London Stock Exchange (LSE). This marks a notable setback for London’s status as a global hub for tech IPOs. Market Reaction and Valuation In its full-year earnings report, Wise stated the move to a dual listing will enable its shares to trade on both a U.S. stock exchange and…