British fintech Wise has hit the market. Should you invest?

Fintech company Wise – formerly known as Transferwise – listed on the stockmarket this week. Saloni Sardana looks at whether you should invest.

Wise logo
(Image credit: © Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

British fintech Wise (LSE: WISE) – formerly known as Transferwise – went public on Wednesday through a direct listing which valued the company at almost £9bn.

Wise ditched the traditional initial public offering (IPO) process and opted for a direct listing. So shares were able to start trading immediately. They opened at 800p and ended the day 10% higher at 880p.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni