Corporate ActionMay 11, 2026, 06:21 AM
Wise Debuts on Nasdaq, Completes Parent Company Scheme
AI Summary
Wise Group plc announced its debut on the Nasdaq Stock Market under the ticker WSE, effective May 11, 2026, following the completion of a scheme of arrangement that established Wise Group plc as the ultimate parent company. The company will maintain a secondary listing on the London Stock Exchange. Wise also provided preliminary unaudited financial data for the fiscal year ended March 31, 2026, reporting cross-border volume of $243 billion and net revenue of $2.5 billion. The US listing is expected to accelerate its mission and tap into the significant US market opportunity.
Key Highlights
- Wise Group plc Class A Shares began trading on Nasdaq (WSE) on May 11, 2026.
- Scheme of arrangement became effective May 8, 2026, establishing Wise Group plc as parent.
- Wise plc Class A Shares were cancelled from London Stock Exchange and FCA Official List.
- Preliminary FY26 cross-border volume was $243 billion, a 31% increase year-on-year.
- Preliminary FY26 customer holdings grew to $39 billion, up 40% year-on-year.
- Preliminary FY26 net revenue reached $2.5 billion, an increase of 19% year-on-year.
- Total exercisable voting rights are 2,442,267,687 after CEO's voting cap.
- Company launched "OwnWise" program for customer loyalty benefits for shareholders.