Tech Firms Leaving London Stock Exchange for the US

A growing number of major tech companies are turning away from the London Stock Exchange in favour of listings in the US, citing better valuations, deeper capital markets, and greater investor appetite for growth.

Wise and Others Moving Away

Last week, UK fintech firm Wise announced plans to shift its primary listing from London to New York. The move follows similar decisions by chip designer Arm, which chose Nasdaq in 2023, and Just Eat Takeaway, which exited London for Amsterdam. Wise’s CEO Kristo Käärmann said the shift would provide access to “the world’s deepest and most liquid capital market” and the largest potential customer base for its services.