Wise (Transferwise) - WISE - Share chat

Wise (Transferwise) have stated their intent to list on the London Stock Exchange through a direct listing. It would be great if we could get access when it goes live (no date set yet).

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Hey @gizmo2501, thanks for the request.

We are tracking this one closely and will add it as soon as it’s available on the market.

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Awesome! Good to know. Thanks Sam.

Also, looks like the title I put was changed. As I understand it, it won’t be an IPO. It is a direct listing instead. :+1:

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It looks like they are initially only allowing current customers to invest (limited to 100K) through their ‘OwnWise’ programme. They will give an additional 5% share bonus to these first investors if they hold for a year.

I must say I’m interested. From a user standpoint, they are bar far the best forex I’ve used, and are innovating at a good rate. Their borderless account and credit card is an amazing facility, particularly as my wife and I (and families) are from two different countries. Fees are rock bottom as well.

From an investment standpoint, their numbers are impressive - rapid growth, profitable (how rare is that for a start-up tech firm!) and huge additional growth potential going forwards.

I’ve put my pre-application in to be a shareholder. It’ll be interesting to see where this one goes.

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Well said Mark, I’ve also put my name down :raised_hands:

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How do you put your name down for this I’m lost but the prospect look good

They emailed users with the link/details about a week ago :ok_hand:

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I use wise every ~6 months and apparently I’m not deemed ‘active’ so not eligible to purchase shares. A shame.

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I use Wise all the time as I work with US companies. I’ve opted into the scheme as I think they are excellent, and shockingly enough they are a startup making a profit!

I doubt they will go in this direction, but wish they did a full business banking service as they make transfers and payments so easy, and I’d like to see what they could come up with for banking.

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Any idea when they will go live? This is a company I really believe in so I would like a piece of the pie.

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Think it’s on or around 7 July :moneybag:

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Be good to know if Freetrade customers will be able to participate in the WISE opening auction, as announced by the LSE.

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11.22 apparently

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Hopefully that means they can list it at 11:22 on the app also.

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is this on freetrade yet?

Hey @lucas, we plan to have this live on your app around 11:22 AM when it hits the secondary market, yes.

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Looks like it’s slated to open at around 750p, or around £7b. That puts it at a 16.6x multiple compared to 16x for PayPal, 10.9x for Payoneer and 11.8 for Square which I’d say are closest public comps. Payoneer is breakeven/unprofitable, PayPal has a much higher margin and Square has a very low margin.

Interestingly, Payoneer requires an almost identical amount of transaction volume as Wise to generate $1b in revenue (~$129b), and is growing at basically the same rate (albeit unprofitably), so fascinating to see how much of a premium Wise get over them.

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