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Wise to swap London for Nasdaq listing in May

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Fintech heavyweight Wise confirmed it will shift its primary listing from London to the United States this quarter, targeting a Nasdaq debut on May 11. The move promises greater visibility and a deeper, more liquid capital pool, echoing a wave of European scale‑ups that have swapped home exchanges for Wall Street venues. The shift also aims to capture larger U.S. capital.

Wise first disclosed the dual‑listing plan in June 2023, keeping a secondary presence on the LSE while courting U.S. investors. In its Q4 update the company reported a 26% jump in transaction volume to £49.4bn and a 22% rise in active users, now 11.3 million, underscoring the scale of its cross‑border growth and reinforces its pricing power for future product rollout plans.

Product chief Nilan Peiris said Wise is rolling out new offerings, including a UK current‑account service launched last month, to take on traditional banks and U.S. fintech rivals. With the Nasdaq listing imminent, the firm positions itself for deeper American market penetration and a broader investor base, effectively anchoring its global expansion. This strategy should bolster earnings visibility.