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Wise valued at $11 billion in record London direct listing
source link: https://fintechranking.com/2021/07/07/wise-valued-at-11-billion-in-record-london-direct-listing/
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Wise valued at $11 billion in record London direct listing
Shares of financial technology company Wise ended 10% up on their first day of trading on Wednesday in London’s largest ever tech listing that could pave the way for other firms looking to go public without the help of underwriters.
The cross-border payments company, one of Britain’s most well-known fintech unicorns, last month launched the direct listing, which allows for a listing without a public offering of shares.
Read more: Reuters
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