London-listed Wise's shares soar on plans to list in US

Fintech sensation Wise’s plans for a new primary listing in the US pile on the misery for London’s stock market

The Wise logo appears on the screen of a smartphone
(Image credit: Jaque Silva/NurPhoto via Getty Images)

Shares in Wise, formerly TransferWise, have gained over 12% this morning (5 June) as the payments business looks set to be the latest high profile company to depart London’s stock market.

When Wise (LON:WISE) listed in London in 2021 at an £8 billion valuation, it was seen as a coup for the market. Then-prime minister Rishi Sunak had actively sought to encourage global technology companies to list in the capital.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.