Wise left London for Nasdaq. It is also applying for a US banking charter. The migration is not just a listing change.

TL;DR

Wise began trading on Nasdaq under ticker WSE after moving its primary listing from London. The fintech processed 243 billion dollars in cross-border volume last year and is applying for a US banking charter and Federal Reserve master account as London’s stock market continues to lose its biggest tech companies.

Wise began trading on Nasdaq on Monday under the ticker WSE. Shares opened at 15.96 dollars. The London-founded fintech, which went public on the London Stock Exchange in July 2021 via a direct listing that valued it at 11 billion dollars, has moved its primary listing to New York while keeping a secondary listing in London. Nearly 91 per cent of class A shareholders voted in favour of the move. The company will now report in US dollars under US GAAP. It is not just changing exchanges. It is changing countries.

The Nasdaq listing is the most visible part...

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