Shares of Wise popped in early Thursday trade after the firm announced plans to move its primary listing to the U.S., in a fresh blow to the London Stock Exchange.

Wise Plc is planning to list its shares in the US, the latest blow to London's stock market. Shares jumped in early trading Thursday in London to their highest level since September 2021. Wise said the move will allow institutional and retail investors in the US to buy up its shares and noted many of them are currently unable to do so.