UK fintech company Wise to switch main listing to New York

Following this announcement, the company mentioned that the move is expected to increase its appeal to US investors and optimise its overall expansion plans in the economy of the region.

Furthermore, according to officials of the company, the initiative of switching to a primary US listing will accelerate its growth strategy and bring important capital market benefits to the firm. The move will also allow its shares to trade on both a US stock exchange and the LSE, enabling the firm to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market. 

More information on Wise’s main listing switch to New York

According to the Financial Times, the decision is likely to fuel anxieties over the appeal of the London market, which has struggled to compete with Wall Street and suffered setbacks in recent years as multiple institutions and companies have either exited London or made it their secondary listing. At the same time, while Wise’s market capitalisation has increased during its almost four years on the London industry, the firm also has drawn scrutiny from regulators. 

Officials from Wise also mentioned that the decision to shift its primary listing to New York is set to be put to a shareholder vote, with more details of the proposed switch to be released around the 26th of June 2025.  In addition, the institution is set to move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London.