Reported 2 days ago
Fintech company Wise, originally listed in London, plans to relocate its main listing to New York as several other companies exit the British market. Founded in 2011, Wise aims to enhance liquidity and attract American investors by being part of major U.S. indices. Although the U.K. stock market has experienced a decline in public listings, Wise's decision comes after reporting significant profit growth and a rising customer base. This trend raises concerns for future U.K. IPOs as the country struggles to maintain its position as a financial hub.
Source: YAHOO