Wise Group’s US listing drives a 12% gain in its stock, marking a strong start for the fintech on Nasdaq.
Wise Group (WSE) shares rose 12% in Monday afternoon trading following their debut on Nasdaq at 9:30 AM ET. The fintech, specializing in cross-border money transfers, maintained its secondary listing on the London Stock Exchange.
The company had not previously traded on a US exchange, and the Nasdaq listing expands its investor base. Wise reported no prior US trading activity or comparable debut performance for context.
No immediate market reaction details were provided beyond the 12% gain in early trading.