UK's Wise to move primary listing to the US

Wise, which will maintain a secondary listing in London, had been exploring its listing options lately - a move seen across the London markets due to stunted growth opportunities and lower valuations at home. "We believe the addition of a primary U.S. listing would help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our owners," the company said. Metals investor Cobalt Holdings, backed by Glencore, also scrapped its plans for a London IPO on Wednesday, which, according to one source, was driven by a lack of demand.