UK money transfer FinTech Wise is reportedly in talks to go public via a direct listing in the UK.
Wise aims to list in June, says the FT.
It is reportedly in talks with the Financial Conduct Authority.
The company is said to have settled on listing in London having examined other options.
What does this mean?
Wise’s flotation would be a huge boost for UK FinTech especially since the Kalifa Review highlighted that while the UK’s startup environment is thriving, there is not always enough opportunity for FinTechs to scale up. This has been echoed more generally in the recent Hill Review which called for listing rules to change.