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Reflecting a significant win for the London exchange and European tech in general, and a sign of potential deregulation to come, Wise plans to list their stock on the LSE. By listing directly, Wise aims to price their offering with full transparency. Already profitable, Wise does not need to raise money during their offering.
“The artificial price-setting in an IPO is necessary for those that have to raise capital, but we fortunately don’t have to...We can wait for the market to tell us how much the company is worth, rather than setting a valuation target,” said Kristo Kaarmann, CEO.
https://www.cnbc.com/2021/06/17/wise-plans-to-go-public-in-london-via-direct-listing.html
