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Highlights
Wise announces shift to a primary US listing while keeping its UK exchange presence
The company reports annual growth in transaction volumes and customer base
Wise (LON:WISE) cites strategic and capital market benefits for the listing move
Wise (LON:WISE), listed under the FTSE 100 index, has announced plans to transfer its primary listing to a US exchange while retaining a secondary listing on the London Stock Exchange. The cross-border payments company, known for facilitating international transfers and currency conversions, made this announcement alongside its latest financial results. The move reflects growing activity among FTSE 100 companies in accessing broader international markets.
Dual-Listing Strategy Initiated After Board Review
The company stated that its board concluded a review of its listing structure and approved transitioning its primary equity listing to the United States. According to Wise, this transition aligns with its strategy of expanding reach and enhancing access to global capital markets. The decision will not affect its existing listing status in the United Kingdom, where it remains an active component of the FTSE 100 companies.
Customer Growth and Transaction Volume Trends
Wise reported growth in its customer base and an increase in transaction volume for the year ended March. The firm, which serves users by processing international payments, confirmed that it moved funds for a larger number of customers compared to the prior year. The data reflects rising demand for cross-border digital financial services in the fintech space.
Revenue and Growth Supported by Operational Scale
The company recorded increases in both revenue and underlying pre-tax during the period. Wise attributes this financial uplift to expanding scale and operational efficiency. It stated that consistent growth in transaction activity contributed to higher revenue, while its streamlined cost structure supported improvement.
Statement from Wise Leadership
Kristo Käärmann, Chief Executive of Wise, noted that the listing shift is intended to support the company’s broader goals. He stated that a US primary listing could help advance its operational objectives and deliver structural benefits through increased exposure to capital markets. The announcement followed a comprehensive review process conducted by the board to assess listing structures that align with the company’s growth framework.
Maintaining UK Presence Amid International Transition
Despite the intended shift to a US listing, Wise confirmed that it would maintain its presence on the London Stock Exchange through a secondary listing. This approach aims to preserve its relationship with UK shareholders and keep its base in London while tapping into the deeper capital markets in the US.
Sector Positioning and Market Activity
Wise continues to operate within the fintech and cross-border payments segment. As part of the FTSE 100 companies, its activities are closely followed in the UK financial markets, and its expansion into the US reflects ongoing trends among UK-listed firms pursuing international exposure. The company’s listing change places it among other tech-enabled firms seeking a broader footprint across major financial hubs.
