Wise, a major financial technology firm previously known as TransferWise, has announced plans to relocate its primary share listing to the US, marking a notable shift in its strategy to attract a wider pool of investors and enhance its market presence. The move aims to tap into the US's significant market potential and improve access to its robust capital market. CEO Kristo Kaarmann reassured that Wise would maintain its commitment to its UK base while seeking growth opportunities in both markets, amid a general trend of UK-listed firms moving to the US for better valuations and liquidity.
Wise's decision to move its main share listing to the US arises from the need for better investor access and enhanced market visibility in a deeper capital market.
As CEO Kristo Kaarmann stated, the transition not only aims to attract a larger investor base but also reinforces Wise's commitment to its UK operations and growth.
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