LONDON—British payments company Wise said it plans to move its main stock listing to the U.S., in the latest blow to European markets that have experienced a wave of defections. The details The financial-technology company specializes in cross-border transfers.

Wise Plc is planning to list its shares in the US, the latest blow to London’s stock market.While the fintech will maintain a secondary listing on the London Stock Exchange, the US will be its primary listing venue,

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.