Wise will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London. The fintech firm debuted on London's stock market in 2021 in a direct listing — viewed at the time as a symbolic win for the U.

Shares in Wise PLC spiked almost 10% on Thursday after the global payments solutions provider announced it would be transferring its primary listing from the London Stock Exchange to the U.S. The motivation would appear straightforward,