July 28 (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 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.