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Stephen Kelly, Chair of Tech Nation, comments on Wise’s announcement that it will go public in London

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Stephen Kelly, Chair of Tech Nation, comments on Wise’s announcement that it will go public in London

Author: Georgia Richardson

Published date: 2021/06

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​“Wise is a business I’ve followed closely, as one of the UK’s home-grown unicorns I’m pleased to see that it will go public via a direct listing on the London Stock Exchange. Following the Lord Hill and Kalifa reviews, it’s encouraging to see another UK tech business choose to list in London.

 

“True to form, Wise is doing things differently. It is opting for a direct listing and adopting a time-limited dual class share structure, something that is fairly common in the US but less so in the UK. Wise also plans to reward customers who invest in its Mission by becoming shareholders, it’s great to see a business recognise the importance of alignment between investors and customers.

 

“I hope Wise has opened an alternative avenue to the public markets for other UK technology businesses to ensure we have a thriving tech scene for decades to come. The UK needs more poster-children and role models to inspire the next generation and it is good to see Wise live its values joining the London listing family.”

 

About Tech Nation

Tech Nation is the leading network for ambitious tech entrepreneurs. Tech Nation fuels the growth of game-changing founders, leaders, and scaling companies so they can positively transform societies and economies. We provide them with the coaching, content, and community they need for their journey in designing the future. Tech Nation has years of experience facilitating and helping UK tech companies scale, both at home and abroad. Over 20 cohorts and 600 companies have successfully graduated from Tech Nation’s growth programmes. Alumni include Skyscanner, Darktrace, and Monzo.