Estonian Fintech firm Wise announced that from Monday its shares can be traded on the U.S. Nasdaq exchange, Geenius reported.
The Nasdaq exchange will now be Wise’s primary listing, though trading is to continue on the London Stock Exchange (LSE), where the company first floated in 2021.
Wise already operates in the U.S. but says it wants to utilize the Nasdaq listing to gain access to thousands of U.S. banks, online platforms, and both private and business customers.
Wise co-founder Kristo Käärmann claimed around 19 million businesses and individuals — including major banks Morgan Stanley and Standard Chartered — transferred roughly US$240 billion across borders via Wise last year, with customers saving more than $3 billion in transaction fees in that way.
Since over US$43 trillion moves across borders globally every year, Käärmann added, the company believes the U.S. stock market listing will help “accelerate our mission.”
Read more: ERR.EE
