Wise, the fintech formerly known as TransferWise, is in discussions with British financial regulators about going public via a direct listing, in what would be a landmark deal for the UK market.
Wise is aiming to list in June and has been discussing the mechanics of a direct listing with the Financial Conduct Authority, according to people close to the company. One of the people said the timing and structure of the deal were not yet finalised, but that the company had settled on a direct listing in London as its preferred route, after it hired banks to explore various options for going public last year. The decision will be a boost for the London stock market and ministers after the high profile flop of Deliveroo’s initial public offering at the end of last month.
https://www.ft.com/content/22740210-4f83-44e3-9b31-6e6deb82717c