Wise Co-Founder Slams Fintech’s Plans to Move Listing to US

An investment vehicle owned by the co-founder of Wise Plc urged fellow shareholders to vote against the company shifting its primary listing out of London, arguing the move lacks transparency about important changes to governance.

A vote for changing the listing location also requires shareholders to approve extending the dual-class shareholder structure that was introduced during the company’s 2021 direct listing, a letter to shareholders from Skaala Investments OÜ pointed out. Skaala is controlled by Taavet Hinrikus, who left Wise in 2021 and remains an investor.