Wise PLC Showcases Growth and Strategic Plans at Capital Markets Day

Story Highlights
  • Wise PLC reported a 21% increase in active customers and a 22% rise in cross-border volumes.
  • Wise aims to expand its share purchase program and is reviewing its listing arrangements.
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Wise PLC Showcases Growth and Strategic Plans at Capital Markets Day

Wise PLC Class A ( (GB:WISE) ) has provided an update.

Wise PLC, a leading global technology company, hosted its Capital Markets Day, highlighting its progress and future plans. The company reported strong financial growth, with a 21% increase in active customers and a 22% rise in cross-border volumes. Wise aims to expand its share purchase program to prevent shareholder dilution and is reviewing its listing arrangements following UK regulatory changes. The company projects continued growth, targeting a 15-20% increase in underlying income and maintaining a strong profit margin.

More about Wise PLC Class A

Wise is a global technology company focused on providing innovative solutions for moving and managing money across borders. With products like Wise Account and Wise Business, the company enables individuals and businesses to hold multiple currencies, transfer money internationally, and spend abroad. Established in 2011, Wise is listed on the London Stock Exchange and has rapidly grown to support millions of customers, processing significant cross-border transactions.

YTD Price Performance: -7.69%

Average Trading Volume: 1,599,121

Technical Sentiment Signal: Strong Sell

Current Market Cap: £13.87B

See more insights into WISE stock on TipRanks’ Stock Analysis page.

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