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Wise to Shift Primary Listing to US, Retain London Secondary

By gaining a primary US listing, the company seeks to tap deeper capital pools and secure a path into leading American stock indices pending shareholder approval.

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A smartphone with the Wise logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration
The London Stock Exchange has had a hard week.
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Overview

  • The proposal requires approval at a shareholder meeting scheduled in the coming weeks.
  • Wise said a primary US listing would broaden its investor base in the world’s deepest capital markets and enhance trading liquidity.
  • Management flagged a US base as a route to qualify for major American stock indices, potentially boosting demand for its shares.
  • The move follows a string of UK companies such as Ashtead, Flutter, CRH and Indivior that have shifted primary listings to US exchanges, citing weak valuations and liquidity in London.
  • Wise reported a 17% increase in pre-tax profit to £565 million for the year to March 31, 2025, underlining its strong financial performance ahead of the shareholder vote.