Wise to move primary listing from London to US stock exchange

LONDON - Wise (LON:WISEa) plc announced Thursday it is proceeding with plans to transfer its primary listing from the London Stock Exchange (LON:LSEG) to a US stock exchange while maintaining a secondary listing in London, according to a scheme circular published by the company.

The financial technology company, which specializes in international money transfers, revealed that the reorganization would establish Wise Group plc, a new Jersey-incorporated and UK tax-resident company, as the ultimate parent of Wise and its subsidiaries.

The proposal will be implemented through a court-sanctioned scheme of arrangement, with shareholder meetings scheduled for July 28 to approve the plan. The scheme is expected to become effective in the second quarter of 2026, subject to meeting certain conditions.

Wise’s board has unanimously recommended that shareholders vote in favor of the scheme, with all directors intending to support it with their personal holdings.

"The Board believes this proposal will help us accelerate our journey to becoming ’the’ network for the world’s money," said David Wells, Chair of Wise, in the press release. He added that the move would give the company "better access to the world’s deepest and most liquid capital market" and "boost our visibility in the US — the world’s largest economy and our biggest market opportunity today."

The company emphasized its continued commitment to the UK, where approximately one-fifth of its workforce is based and where it continues to hire and invest.

Wise, which processed over $185 billion in cross-border transactions in fiscal year 2025, first announced the review of its listing arrangements on June 5. The company stated that the proposed change would allow its shares to trade on both a US stock exchange and the London Stock Exchange.

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