Frankly, I think moving to New York is a bad idea. They should've reformed their corporate structure, and joined the FTSE 100. Indexation in London would give us much liquidity as moving to the US with their size. They could easily get lost among the tonnes of other publicly listed fintechs in the US, which wouldn't be the case as a FTSE 100 company in London
The FT looked into the myth that UK to US listing switches resulted in higher valuations. In most case valuations don't improve.
Appreciate your view. You raise a valid point about indexation and visibility within the FTSE 100…no doubt that could’ve provided structural tailwinds. But I would argue the long-term opportunity lies in aligning with the largest addressable market. Wise isn’t just another fintech. Its infrastructure is essential, and its customer base is already global.
Liquidity, valuation, and investor appetite in the US, especially for high-margin, recurring-revenue models still far exceeds that of the UK. If Wise truly wants to be a global infrastructure layer for cross-border finance, the US might be the better long-term stage, even if the short-term optics feel uncertain.
But agreed, execution will matter more than location!
Totally fair question. For me, the upside isn’t about traditional valuation multiples…it’s about Wise becoming the global infrastructure layer for cross-border money movement. If they win that game, today’s price won’t matter. It’s a bet on dominance, not decimals.
Frankly, I think moving to New York is a bad idea. They should've reformed their corporate structure, and joined the FTSE 100. Indexation in London would give us much liquidity as moving to the US with their size. They could easily get lost among the tonnes of other publicly listed fintechs in the US, which wouldn't be the case as a FTSE 100 company in London
The FT looked into the myth that UK to US listing switches resulted in higher valuations. In most case valuations don't improve.
I hope I'm wrong, as I am a shareholder myself
Appreciate your view. You raise a valid point about indexation and visibility within the FTSE 100…no doubt that could’ve provided structural tailwinds. But I would argue the long-term opportunity lies in aligning with the largest addressable market. Wise isn’t just another fintech. Its infrastructure is essential, and its customer base is already global.
Liquidity, valuation, and investor appetite in the US, especially for high-margin, recurring-revenue models still far exceeds that of the UK. If Wise truly wants to be a global infrastructure layer for cross-border finance, the US might be the better long-term stage, even if the short-term optics feel uncertain.
But agreed, execution will matter more than location!
I love this company but I see it overvalued at this point. How are you justifying the upside on current valuation?
Totally fair question. For me, the upside isn’t about traditional valuation multiples…it’s about Wise becoming the global infrastructure layer for cross-border money movement. If they win that game, today’s price won’t matter. It’s a bet on dominance, not decimals.