Reported 1 day ago
Money transfer company Wise announced its plan to relocate its primary listing from London to the U.S., marking yet another blow to the UK capital's stock market ambitions. Wise, which debuted on the London market in 2021, cited the deeper and more liquid capital markets in the U.S. as a key reason for this shift. The decision comes amid a trend of British companies seeking greater valuations abroad, with Wise's shares spiking over 8% following the announcement. Despite the move, Wise will retain a secondary listing in London and continue investing in the UK.
Source: YAHOO