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Fintech firm Wise announces plans for direct listing in LondonGoldman Sachs and Morgan Stanley are working on the listing
Reuters
Last Updated IST
Representative image. Credit: iStock Photo
Representative image. Credit: iStock Photo

British fintech firm Wise said on Thursday it will go public in London in what will be the first direct listing of a technology company on the London Stock Exchange.

The payments app, formerly known as TransferWise, said it has been profitable since 2017, with a 54% revenue growth rate over last three years reaching 421 million pounds in overall revenues in 2021.

Goldman Sachs and Morgan Stanley are working on the listing.

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(Published 17 June 2021, 13:12 IST)