Wise moves to New York, undermining London's financial prestige

The Wall Street Journal

American business-focused daily newspaper London

capital and largest city of the United Kingdom

Provocative

Highlights

Wise shifted its primary listing to New York from London, which took place recently.
This transition coincided with a significant gathering in London addressing public market improvements.
Industry analysts view this move as a detrimental signal to London's stature in the global financial landscape.

Story

In early June 2025, the money transfer platform Wise officially shifted its primary stock listing from London to New York. This significant move happened on the same day a gathering took place in London to discuss enhancing the appeal of the UK’s public markets. This decision is viewed as a substantial blow to London's reputation as a leading financial hub, reflecting wider concerns over the attractiveness of London for fintech companies. Industry experts are analyzing operational and strategic reasons behind Wise's decision, recognizing it may influence other firms considering a similar transition from London to other markets, especially New York.

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