A Wise move? London listing may open fintech floodgates

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A Wise move? London listing may open fintech...
 © CyprusMail 2021
Wise’s record breaking direct listing has come as a relief to other tech firms aiming to go public in the coming months, the bankers managing those deals and to post-Brexit London.

A souring of sentiment towards technology firm flotations in the British capital had been apparent in the disastrous post-IPO trading of Deliveroo (ROO.L) and Alphawave (AWE.L).

But Wise’s 7.9 billion pounds ($10.9 billion) valuation and subsequent market performance in London’s first-ever direct listing looks set to quell concerns that it is not as receptive to tech companies as other venues such as New...


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Article automatically added to our system on Friday, July 9, 2021

A Wise move? London listing may open fintech floodgates


Contents of this article including associated images are © CyprusMail 2021
Views & opinions expressed are those of the author and/or CyprusMail .

Article Tags: #london   #listing   #fintech   #floodgates  


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