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Plans to move Wise stock market listing to US approved by High Court judge
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Plans to move Wise stock market listing to US approved by High Court judge

The Independent·Callum Parke·about 1 month ago
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Plans for money transfer services provider Wise to move its primary stock market listing from the UK to the US have been approved by a High Court judge. The British company announced the proposal last June to switch its primary listing from the London Stock Exchange to the Nasdaq composite by creating a new holding company, in a bid to tap into a wider pool of banking customers and investors. It also disclosed plans to extend the voting rights of so-called Class B shareholders by another decade. In July last year, Wise’s co-founder, Taavet Hinrikus, described the firm’s plans as “inappropriate and unfair” in a letter to shareholders through his investment vehicle Skaala Investments OU, which owns about 5% of shares in the fintech company. But at a hearing on Monday, barristers for Wise asked a judge to approve the plans, which they said had been unanimously recommended by its directors and approved by the majority of shareholders.…

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