Wise to move primary listing to U.S. in blow to London stock exchange

London – British Money Transfer Company Wise On Thursday, he planned to move his main registration location to the United States, bringing a new blow to the London Stock Exchange.

Wise said in her full-year profit declaration that she will go to a double list, with her main list center moving to the United States while retaining a secondary list in London.

“This would allow Wise’s actions to negotiate both on an American scholarship and the LSE,” said Wise in his profits.

Wise’s shares exchanged 7% more during transactions early in the morning on Thursday.

Wise made its debut on the London stock market in 2021 in a direct list which estimated the company at 8 billion pounds Sterling ($ 10.84 billion) at the time. It is now estimated at 11.07 billion pounds sterling, according to LSEG data.

The list was considered a symbolic victory for the United Kingdom because the government of the British Prime Minister Rishi Sunak sought to encourage more global technological companies to choose London as a stock exchange destination.

Since then, London has been mired in doubts as to whether he can accommodate major technological lists. The city is often criticized for having failed in the depth of the liquidity and expertise of the investment analysts industry to adapt to these transactions.