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Wise PLC is set to incorporate in Jersey ahead of moving its main stock market listing to New York from London, The Sunday Times reported. The London-based money transfer services provider would still be resident in the UK for tax purposes. Wise did not pledge to keep its headquarters in London, but Chair David Wells said the company remained committed to the UK. In June, Wise had said it intended to transfer its primary equity listing to ‘a US stock exchange’ in a further blow to the London stock market. ‘We believe the addition of a primary US listing would help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our owners,’ Wise Chief Executive Kristo Kaarmann said at the time. Wise in June said: ‘The US is the world’s largest economy and the biggest market opportunity in the world for our products today.’ Wise shares had closed 1.9% lower at 1,033.00 pence each on Friday in London, giving it a market capitalisation of £10.59 billion. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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