Wise announces listing on Nasdaq
Wise (NASDAQ:WSE, LON:WISE) today announcesdits listing on Nasdaq, with trading to commence at 9:30am ET.
Wise also maintains a secondary listing on the London Stock Exchange (LSE), with its shares continuing to trade on the LSE’s Main Market for listed securities.
Kristo Käärmann, co-founder and CEO at Wise, said:
“Fifteen years ago, we set out with a simple but ambitious goal: to make moving and managing money around the world as fast, simple and cost-effective as sending an email. We’ve come a long way since then. In the last financial year, we helped nearly 19 million people and businesses, including banks like Morgan Stanley and Standard Chartered, move over $243 billion across borders instantly and at a fraction of the cost of traditional providers, saving our customers more than $3.3 billion in fees.
“Still, with $43 trillion moved across borders each year globally, we’re only getting started. People and businesses around the world are estimated to be losing over $250 billion in hidden fees each year — including here in the US where that figure is expected to hit $43 billion in 2026.
“We believe our US listing will help us accelerate our mission, helping to bring more of Wise to everyone in the US, as customers and as owners.”
David Wells, Chair at Wise, said:
“A listing in the US not only gives us better access to the world’s deepest and most liquid capital market, it also more closely aligns Wise with the major growth potential for us in the US 一 the biggest market opportunity for our products in the world today. We already serve millions of American consumers and businesses through Wise Account, Wise Business and Wise Platform, but we know that there are tens of millions more who need an alternative to the high fees, slow transfers, and unclear foreign exchange costs traditional providers offer.
“With this move we look to continue expanding our local presence and reaching thousands of US banks, online platforms and the many people and businesses who transact across borders.”
To mark this milestone, Wise is introducing a new OwnWise program, with customer loyalty benefits for eligible customers who also hold Wise shares.
Today, Wise’s global payments network is composed of more than 80 licenses and 8 markets with direct connections to domestic payment systems. This infrastructure enables payments across more than 40 currencies, with 75% of payments made via Wise arriving instantly – in less than 20 seconds – and 96% arriving in 24 hours.
