(Reuters) -Shareholders of British fintech Wise Plc on Monday approved plans to shift the company’s primary stock market listing to the U.S. from the London Stock Exchange.
The shareholders’ vote at an extraordinary general meeting clears a key hurdle in Wise’s plan to pursue a U.S. primary listing, which will improve its access to capital and boost its profile among global investors.
Wise has a dual share structure, in which shareholders with Class B stocks have more voting power than those with Class A stocks.
A total of 77.12% and 81.82% of Wise Class A and Class B shareholders, respectively, voted for the transfer of the company’s primary listing to a U.S. stock exchange and maintain a secondary listing on the LSE.
Wise said 91% of Class A shares and 85% of Class B shares were voted in favor of the resolution.
The company said it expects the transfer to become effective in the second quarter of 2026.
The company, formerly known as TransferWise, was founded in 2011 by Taavet Hinrikus and Kristo Käärmann to offer low-cost cross-border money transfers.
(Reporting by Ankita Bora and Shanima A in Bengaluru; Editing by Shailesh Kuber and Maju Samuel)
