Wise, a London-based financial technology company, has decided to undertake a direct listing on the London Stock Exchange. As such, Wise will apply for its class A shares to be admitted into the standard listing segment of the FCA as well as the London Stock Exchange’s main market for listed securities.
“I am pleased to confirm our plans for a direct listing in London. This process will broaden the ownership Wise, in support of our mission to move money around the world faster, cheaper and more conveniently” says Kristo Käärmann, CEO and co-founder of Wise.The share price of these class A shares will be determined by an auction that will be held on the day that the class A shares are admitted by the London Stock Exchange.
