London – British Money Transfer Firm Manner On Thursday, he said that he is planning to move his primary listing location to the US, a new shock at the London Stock Exchange.

Wise said in its entire year earning statement that it would go into a dual listing, with its main listing hub to the US while maintaining a secondary list in London.

Wise said in its earning announcement, “This will allow wise shares to trade on both the US stock exchange and LSE.”

Wise shares did about 11% more business on Thursday morning.

War started a direct list in the London’s stock market in 2021, which at that time gave the company a price of £ 8 billion ($ 10.84 billion). According to LSEG data, now its value is £ 11.07 billion.

The listing was seen as a symbolic victory for the UK, as the British Prime Minister Rishi Sunak’s government at that time wanted to encourage more global technology companies to choose London as their IPO destination.

Since then, London has been suspected whether it could host the major technical listing. The city is often criticized for lack of liquidity and depth of industry expertise from investment analysts to accommodate such transactions.

The suspicion of London’s stock market is not limited to technology. On Wednesday, Glencore-Bit metals investor Cobalt Holdings announced that it plans to go publicly in London. The IPO was expected to be the largest listing in the UK capital from the beginning of 2024.