On Thursday, the Estonian fintech company Wise (formerly TransferWise) announced entering the London Stock Exchange through the direct listing (DPO).
A highly capitalized company does not intend to raise additional funds on the stock exchange, so a direct listing is planned. “Unlike traditional IPO, a direct listing is a fairer, cheaper, and more transparent way to expand our ownership,” explained Wise.
Direct listing means you can trade existing stocks. The retail remittance platform, established in 2011, has evolved into a global payment network offering international banking services to more than 10 million private and business clients.
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