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Highlights
Wise plc (LON:WISE) to pursue a primary listing in the United States while retaining its UK listing
CEO Kristo Käärmann cites greater brand visibility and deeper capital access in the US market
Move comes amid shifting dynamics for the ftse futures index and broader UK listings
Wise plc (LON:WISE), a prominent player in the global financial technology sector, has announced a strategic shift in its listing approach. The company, known for facilitating international fund transfers for businesses and consumers, is preparing for a dual listing with a primary focus on the United States. Wise, currently listed on the London Stock Exchange and part of the FTSE indices, including the ftse futures index, is transitioning amidst a period when several companies are reviewing their presence in the UK’s capital markets.
Strategic Rationale Behind Dual Listing
The Chief Executive Officer of Wise, Kristo Käärmann, has outlined the rationale behind this development. According to the company, the decision is rooted in the goal of strengthening brand visibility in the US and leveraging access to more liquid capital markets. The US represents the largest commercial territory for Wise’s services, prompting the firm to align more closely with the financial ecosystem there.
By establishing a primary listing in the US while retaining its existing UK listing, Wise aims to bridge its operational base with its growing customer network across both regions. The company maintains that this dual framework will enhance flexibility in financing and drive engagement with a broader set of stakeholders.
Maintaining Presence in the United Kingdom
While shifting its primary listing, Wise intends to sustain its operations and workforce presence in the UK. The London base continues to serve as a key hub for its technology and financial operations. According to statements from Wise, the UK remains home to significant talent pools that contribute to its product development and support broader international expansion.
The company has confirmed its commitment to supporting growth in the UK through continuous investment in people and technology. Wise also emphasised the importance of regulatory alignment and market familiarity, which have shaped its journey since its initial listing in London.
Broader Implications for UK Listings
Wise’s transition to a US primary listing adds to a trend of companies reassessing their positions in UK equity markets. The broader implications for the FTSE indices, including the ftse futures index, reflect a shifting preference among globally oriented firms seeking increased liquidity and reach outside traditional listings.
Despite this movement, the UK retains a strong reputation for financial innovation and regulatory standards. Firms like Wise that maintain a presence on both sides of the Atlantic illustrate a hybrid model that allows companies to adapt to changing global capital flows while continuing to benefit from London’s market infrastructure.
