The $15 bln UK moneychanger may shift its main trading venue to gain more American investors and liquidity. It could achieve similar ends by staying put and pushing for FTSE inclusion. A premium valuation suggests little upside,

Wise, which will maintain a secondary listing in London, had been exploring its listing options lately - a shift seen across the London markets due to stunted growth opportunities and lower valuations.

British fintech firm Wise has revealed plans to switch its primary listing from London to New York in yet another setback for the City. The money transfer firm which listed in London in July 2021, said the move would “help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our owners”.