Having previously been courted to list on the London Stock Exchange (LSE), fintech firm Wise - formerly Transferwise - announced its intention to float its shares in the City on June 17. 

Unusually, however, the firm will not be doing so via an initial public offering (IPO). Instead, Wise looks set to be the first technology firm to have a direct listing on the LSE. It intends to publish a registration document today related to the admission. 

“Wise is used to challenging convention, and this listing is no exception,” says Kristo Käärmann, CEO and co-founder of Wise. “A direct listing allows us a cheaper and more transparent way to broaden Wise’s ownership, aligned with our mission.”

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook