It is wisdom to transfer the primary list for us in a blow to the London Stock Exchange

London – British money transfer company wise On Thursday, she said she plans to transfer her primary inclusion site to the United States, where she deals with a new blow to the London Stock Exchange.

Wise said in the entire profit statement that it would move to a dual menu, with the main listing center turning into the United States while maintaining a secondary list in London.

“This will allow the shares of Wise to circulate on both the American Stock Exchange,” Wise said in her profit announcement.

Wise shares were traded by 7 % during deals in the early morning on Thursday.

Wise appeared for the first time in the stock market in London in 2021 in a direct list estimated at the value of the company at 8 billion pounds (10.84 billion dollars) at that time. Its value is now 11.07 billion pounds, according to LSEG data.

The list was considered a symbolic victory for the United Kingdom, as the government of British Prime Minister Rishi Sonak was looking to encourage more global technology companies to choose London as the public subscription destination.

Since then, London has been suspicious of if she could play the host for the main technology lists. The city is often criticized because there is no depth of liquidity and experience in the industry from investment analysts to accommodate such transactions.