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Wise PLC Class A ( (GB:WISE) ) has provided an announcement.
Wise plc has updated the market on its share capital and voting rights structure, confirming an issued share capital of 1,025,672,252 Class A ordinary shares and 214,084,255 Class B ordinary shares, with no shares held in treasury. Following the cessation of voting rights on 5,000,000 Class B shares, the company now has a total of 2,907,430,547 voting rights, of which 2,528,702,175 are currently exercisable once caps on the CEO’s voting power are applied. The update highlights that, based on current aggregate voting rights, CEO and co-founder Kristo Käärmann would otherwise hold more than 50% of total voting rights through his Class A and Class B shareholdings, but his influence is contractually limited by the company’s articles to just below 50% while he remains in the role, reinforcing the governance framework around founder control for shareholders.
The most recent analyst rating on (GB:WISE) stock is a Buy with a £1385.00 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.
The score is led by very strong financial performance (growth, profitability, balance-sheet strength, and cash flow), supported by a generally positive earnings call focused on customer and volume momentum. Offsetting factors are a relatively high valuation (P/E ~25.7 with no dividend) and mixed technical signals with negative MACD and an elevated RSI.
To see Spark’s full report on GB:WISE stock, click here.
More about Wise PLC Class A
Wise plc is a UK-listed financial technology company that provides cross-border payment and money transfer services, offering low-cost international transfers, multi-currency accounts and related financial products primarily to retail and business customers globally.
Average Trading Volume: 2,150,744
Technical Sentiment Signal: Strong Buy
Current Market Cap: £11.45B
Learn more about WISE stock on TipRanks’ Stock Analysis page.