Wise PLC Updates Voting Rights and Capital Structure

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

Wise PLC, a financial technology company, has announced an update on its total voting rights and capital structure. The company’s issued share capital includes over 1 billion Class A ordinary shares and over 218 million Class B ordinary shares. Following a recent cessation of voting rights for some Class B shares, the total voting rights across both classes amount to nearly 3 billion. Notably, CEO Kristo Käärmann holds over 50% of the total voting rights, but due to company regulations, his exercisable votes are capped to ensure they remain below 50% while he is CEO, and below 35% if he ceases to be CEO.

The most recent analyst rating on (GB:WISE) stock is a Hold with a £1185.00 price target. To see the full list of analyst forecasts on Wise PLC Class A stock, see the GB:WISE Stock Forecast page.

Spark’s Take on GB:WISE Stock

According to Spark, TipRanks’ AI Analyst, GB:WISE is a Outperform.

Wise PLC scores strongly on financial performance, indicating robust growth and financial stability. While technical analysis suggests some short-term challenges, the company’s valuation remains reasonable. The overall score reflects a solid financial foundation, tempered by mixed technical indicators.

To see Spark’s full report on GB:WISE stock, click here.

More about Wise PLC Class A

Average Trading Volume: 1,840,089

Technical Sentiment Signal: Buy

Current Market Cap: £13.03B

Find detailed analytics on WISE stock on TipRanks’ Stock Analysis page.