If Wise, the money transfer company whose £10bn valuation makes it a big fish in London’s small pool of quoted financial technology companies, was only proposing to switch its primary listing to New York, its plan would probably sail through.
A few UK shareholders may regret the loss to the London stock market of a success story out of Shoreditch. But they usually vote in favour when management – in this case, the Wise co-founder Kristo Käärmann – says “major US growth opportunities” would be best pursued with a US listing.
