Wise valued at US$11 billion in record London direct listing


Wise logo is seen on a smartphone in front of a displayed detail of the same logo in this illustration. - Filepic

LONDON: Shares of financial technology company Wise ended 10% up on their first day of trading on Wednesday in London's largest ever tech listing that could pave the way for other firms looking to go public without the help of underwriters.

Britain's government has been keen to attract technology groups to list in the country and its financial watchdog earlier this week outlined proposals to make it easier for them to list to help London compete with New York and the EU post-Brexit.

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