This is a poor take. Did you think Wise was well run when the share price went up until September 2021, and then poorly run thereafter? What changed?
Share prices change depending on the whims of the market. Maybe its initial listing was way overhyped to retail investors. Maybe its just interest rates rising generally globally which has made a 3 digit PE ratio hard to sustain.
This was their last investor update from January showing 34% revenue growth YoY - January 2022 Trading Update - Wise, formerly TransferWise
I think their business is solid, and their b2b strategy will create long term sticky growth, which is less impacted by the whims of the consumer market.