In the picture in this photo, the Transfer Wise logo is displayed on the Android phone.
Omar Marquez | SOPA Images | LightRocket | Getty Images
London — UK financial tech firm Wise said Thursday that it will be listed on the London Stock Exchange through a direct listing.
Formerly known as Transfer Wise, Wise said it wanted a direct listing rather than an initial public offering. Direct listing allows companies to go public without raising new capital.
The news shows a big win for Britain, which wants to attract more large tech companies listed in London instead of New York.
Wise also said he would introduce a customer shareholder program called OwnWise that would allow users to own shares in the company.
Kristo Käämann, CEO and co-founder of Wise, said:
“It’s been 10 years since we built a new way to move money around the world. It’s faster, cheaper, easier, and completely transparent. By listing directly, it’s our mission. Along the way, a cheaper and more transparent way to expand Wise ownership will be possible. “
Wise will be released in London through a direct listing
Source link Wise will be released in London through a direct listing