Wise PLC (WISE), the British cross-border payments company, finally launched its long-awaited dual listing in the U.S. on Monday. However, its U.S.-listed shares, now trading under the ticker WSE, dropped over 2% to $15.26 per share at the start of trading on Nasdaq.
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The trading debut marks its shift to a primary listing in the U.S. while the company continues to maintain its secondary listing on the London Stock Exchange (LSE). As of the time of writing, Wise had a market capitalization of £13.01 billion ($17.7 billion) on the LSE.
Wise Grows Cross-Border Payment Volume to $243 Billion
The move comes at a good time for the company, whose underlying income — its adjusted core income measure — rose by 21% year-over-year to £424.4 million ($570 million) during its fiscal third quarter that ended on December 31. Wise also shared insights into results for its full fiscal year 2026, which ended on March 31, noting that its cross-border volume hit $243 billion during the year, up 31% from a year ago.
Kristo Käärmann, co-founder and CEO at Wise, said the company helped almost 19 million people and businesses, including banks such as Morgan Stanley (MS) and Standard Chartered (SCBFF), to move money across borders to achieve the volume. This is even as Wise expanded its customer holdings by 40% to $39 billion, including $9 billion in Wise Asset holdings.
Wise Chases Growth in U.S. Market
Wise said the targets have helped the company to push its net revenue to $2.5 billion, up by 19% year-over-year. However, Wise believes the U.S. market can help it to double down on its plans to further take more share of the $43 trillion moved across borders every year.
“A listing in the U.S. not only gives us better access to the world’s deepest and most liquid capital market, it also more closely aligns Wise with the major growth potential for us in the U.S. 一 the biggest market opportunity for our products in the world today,” added David Wells, chair at Wise.
Is Wise a Good Stock to Buy?
Analysts on Wall Street consider Wise PLC’s shares as a Strong Buy. This is based on six Buys and one Hold issued over the past three months.
In addition, the average WISE price target of £12.3817 per share suggests about 14% upside in the months ahead.
