Reported 2 months ago
The online payments company Wise has announced its decision to shift its main share listing to the US, marking another setback for London's struggling stock market. CEO Kristo Käärmann stated that this move aims to enhance the company's visibility in the US, which presents the largest market opportunity for their products. Wise, which has been listed in London since 2021, intends to dual list its shares in both the US and UK to attract more investors and increase its valuation. This follows a trend of high-profile companies relocating to New York for better liquidity and valuations.
Source: YAHOO