Wise said in its full-year earnings statement that it will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London.

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.