Wise Plans to Shift Main Listing to US in Latest London Loss

Wise Plc is planning to list its shares in the US, the latest loss for London’s stock market after companies worth roughly $100 billion have shifted their primary listings stateside in recent years.

While the London-based money transfer firm will maintain a secondary listing on the London Stock Exchange, the US will be its primary listing venue, Wise said in a statement Thursday. It’s the latest sign that low valuations and weak liquidity in London’s capital markets are pushing companies to list elsewhere.