Fresh blow to the City as money transfer group Wise votes to move listing to New York
Wise investors have voted to move its primary listing from London to New York.
The money transfer group’s exit will make it the latest UK-listed firm to up sticks for the US.
In a fresh blow to the City, 90.5 per cent of Class A shareholders and 84.6 per cent of Class B shareholders backed the proposal.
Bosses have said the move is due to the US having the world’s biggest capital markets, enabling more investors to buy shares.
But the fintech firm has said it will continue hiring and investing in the UK, as well as keeping a secondary listing in London.
Relisting: Wise bosses have said the move is due to the US having the world’s biggest capital markets, enabling more investors to buy shares
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