Fintech Wise to pioneer direct listing in boost to London
Wise, the British financial technology firm previously known as TransferWise, said on Thursday it plans to go public with the first direct listing on London’s main market.
The London-based payments app founded in 2010 by two Estonian entrepreneurs, said it is opting to list without raising any funds, in a boost to the British government’s aspirations to attract more technology firms.
Apart from the London Stock Exchange itself, no company has ever listed directly on London’s main market, although the method has been used by Spotify, Coinbase and Slack to go public in New York.
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