Stock exchange dealt another blow as £12bn fintech ditches main London listing | London Stock Exchange

WISE online payments said it will transfer the main stock list to the United States, in the latest blow to the besieged stock market in London.

Wise, one of the largest financial technological companies in the country, has been included in London since 2021, on Thursday that it is now intending its shares in the United States and the United Kingdom in an attempt to attract more investors and increase its value.

CEO of the company, Christo Kärmann, The transfer of its main list will help “increase the awareness of wisdom in the United States, the world’s greatest opportunity in the world for our products today, and enable better access to the deeper and most liquid capital markets in the world.

He said: “We will also enable the dual list to continue to serve our UK’s owners, as part of our continuous commitment to the United Kingdom. The United Kingdom is home to some of the best talents in the world in financial services and technology, and we will continue to invest in our presence here to feed our global growth.”

It represents another setback for the stock market in London, where a series of prominent companies in New York has split in search of the best liquidity, high assessments and reaching the largest investors.

Last year, ASHTEAD Building Equipment Rental Company announced that it would work Transfer its basic list to the United StatesAfter companies such as the FlterTainment Gamps and CRH building equipment.

Earlier this week, the drug maker said Indivior Plans to cancel the secondary menu I kept in London after switching the main stock list to the United States last year.

This week, Cobalt Holdings for Metal Investment Company has been transferred to the list in London, which was expected to collect about 230 million dollars (170 million pounds).

Wise, previously known as Transferwise, joined the stock market in 2021 with an evaluation of 8.75 billion pounds, making it the largest ever list of a technical company in the United Kingdom. The shares increased by 10 % on Thursday morning to evaluate the company by more than 12 billion pounds

His decision in the United States axis is another setback for London as a place for technology companies. In 2023, the designer designer, headquartered in Cambridge, decided to throw science in New York instead of London.

Wise will contact a meeting of the shareholders of investors to vote on the proposal in the coming weeks. He argued that the transfer of its initial list could provide a possible way to include the main stock indicators of the United States, which may improve liquidity and demand for wise stocks.

Matt Breztan, Hargreaves Lansdown, noted that the decision to transfer the initial list away from London created an obstacle to the company to join the FTSE 100 index, the stock index in Britain.

He said: “Maintaining the presence of London is logical, but it does not do much sugar in the fact that another technical company listed in London is looking across the Atlantic Ocean for a better evaluation-a story that has become very familiar.”

It is the fifth headquarters of wise employees in the UK and the company said it is planning to continue employment and investment in the country.

Wise was established Written by Käärmann and Taaveet Hinrikus In 2011, since then it has grown rapidly as it acquired its market share of the Big Banks by providing the money transfer service cheaper for individuals and small companies.

Besides this announcement, the company also increased 15 % in its revenue for the year 2025 to 1.2 billion pounds, with profit before the tax reaches 17 % to 564.8 million pounds.