Stock exchange dealt another blow as £12bn fintech ditches main London listing

Money transfer service Wise will move primary listing to US and dual list shares to try to lure more investors

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The online payments company Wise has said it will move its main share listing to the US, in the latest blow to London's beleaguered stock market.

Wise, which is one of the biggest financial technology businesses in the country and has been listed in London since 2021, said on Thursday that it now intends to dual list its shares in the US and the UK in an attempt to attract more investors and boost its value.