Wise, the global money transfer giant, has announced plans to move its primary stock market listing from London to the United States, delivering a significant blow to the London Stock Exchange. The company says a dual listing in both the US and UK will support its rapid growth and boost visibility in the lucrative American market.
Since debuting on the LSE in 2021 with an £8 billion valuation, Wise has grown to a current value of £11.07 billion, according to LSEG data. In its latest financial results, Wise reported continued gains in transaction volume, revenue, profit, and customer base, alongside strong momentum in instant payments.
By making the US its primary listing venue, Wise aims to tap into the deeper investor pool of American institutional and retail backers, while also raising its profile among over 4,000 US banks that could benefit from Wise Platform integrations.
Kristo Käärmann, co-founder and CEO, said: “The addition of a primary US listing would help us accelerate our mission and bring strategic and capital market benefits. It will help drive greater awareness in the US—the biggest market opportunity for our products—and enable access to the world’s most liquid capital market.”
Despite the shift, Wise remains committed to the UK, reaffirming its plans to invest in British operations and talent to support continued global expansion.