Overview

• It intends to shift its main stock exchange designation from London to New York while retaining a secondary listing on the London Stock Exchange.
• The proposal will be put to shareholders in the coming weeks at a special meeting to secure approval for the dual-listing structure.
• Wise expects the move to enhance liquidity and boost its eligibility for major US equity indexes.
• For the year ending March 31, the company reported a 26 percent increase in cross-border transaction volumes to £145.2 billion and a 21 percent rise in active customers to 15.6 million.
• The decision underscores a broader trend of UK firms bypassing London listings following moves by Cobalt Holdings, Unilever and Shein.