Wise’s listing is a big win for London, which is vying to attract more tech success stories following Britain’s departure from the European Union. U.K. regulators are currently consulting on proposals to relax London’s listings regime and make it more attractive for tech firms to list in the capital. It’s also a validation for the country’s burgeoning fintech sector, which has produced multibillion-dollar unicorns like Revolut and Checkout.com and attracted $4.1 billion in venture capital investment last year. However, Wise’s float will also be a significant test for the city. Wise says its market debut will be the first direct listing of a tech company in London. “It is risky,” Russ Shaw, founder of Tech London Advocates, told CNBC. “This really hasn’t been done that often, especially with a fintech business.”

https://www.cnbc.com/2021/07/06/wise-direct-listing-is-a-big-test-for-london.html