|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||3.6700 - 3.6700|
|52-week range||3.1972 - 7.6500|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
After flops for Deliveroo, Alphawave, and Made.com, investors and tech businesses will be watching Wise's direct listing with interest to see if it offers an alternative.
The money transfer business has opted for a direct listing with dual class share structure and a scheme to let customers become shareholders.
Wise, the fintech company previously known as TransferWise, has announced its intention to go public in London through a landmark direct listing. Kristo Kaarmann, co-founder and chief executive, said a direct listing “allows us a cheaper and more transparent way to broaden Wise’s ownership” than a traditional stock market launch. It does not involve raising any new capital or bringing in new investors, but means shares held by Wise’s existing shareholders will become tradable on the London Stock Exchange.