Wise Transfers Primary Listing from LSEG to US

(16 June 2025 – United Kingdom) Wise has announced plans to shift its primary listing to the United States (US) from London, the latest British company to exit the London Stock Exchange (LSEG) in a quest for a larger valuation elsewhere.

Wise confirmed in its full-year earnings announcement that it will change to a dual listing, with its main listing hub shifting to the US while maintaining a secondary listing in London. Formerly known as TransferWise, Wise debuted on London’s stock exchange in 2021 in a direct listing that valued the company at £8 billion – the largest ever listing of a UK tech company. It is now valued at £11.1 billion, according to LSEG data.

LSEG is facing doubts over whether it can host major tech listings. The city is often criticised for lacking the depth of liquidity and industry expertise from investment analysts to accommodate major tech transactions.

“Moving our main listing will help drive greater awareness of Wise in the US, the biggest market opportunity in the world for our products today, and enable better access to the world’s deepest and most liquid capital market. A dual listing will also enable us to continue serving our UK-based owners effectively, as part of our ongoing commitment to the UK. The UK is home to some of the best talent in the world in financial services and technology, and we will continue to invest in our presence here to fuel our UK and global growth” commented Wise CEO Kristo Käärmann.

“The decision to move the primary listing away from London creates an obstacle for the company to join the FTSE100, Britain’s blue chip share index” stated Hargreaves Lansdown Equity Analyst, Matt Britzman.