[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Sam Boboev [@samboboev](/creator/twitter/samboboev) on x XXX followers Created: 2025-07-21 15:00:38 UTC 🚨 FINTECH: Wise Co-Founder Slams Fintech’s Plans to Move Listing to US An investment vehicle owned by the co-founder of Wise urged fellow shareholders to vote against the company shifting its primary listing out of London, arguing the move lacks transparency about important changes to governance. A vote for changing the listing location also requires shareholders to approve extending the dual-class shareholder structure that was introduced during the company’s 2021 direct listing, according to a letter to shareholders from Skaala Investments OÜ. Skaala is controlled by Taavet Hinrikus, who left Wise in 2021 and has gone on to back many smaller stage technology firms. Wise’s board continued to urge shareholders to approve the resolution this month, arguing in a separate statement that “the dual-class share structure is essential to ensuring our continued successful performance.” The dual-class share structure is somewhat common across Silicon Valley, though the practice has drawn criticism from some corporate governance experts. For instance, Meta has two classes of shares with one category having XX times the voting rights of the other. Wise last month shook London’s stock market by saying it was moving its primary listing to the US, where it sees an opportunity to tap into its XXXXX banks and XXX million customers. Chief Executive Officer Kristo Käärmann, who co-founded Wise with Hinrikus in 2011, has previously said the firm’s investors had “positively received” the announcement. Source Bloomberg News #fintech #payments #banking  XX engagements  **Related Topics** [governance](/topic/governance) [london](/topic/london) [investment](/topic/investment) [listing](/topic/listing) [fintech](/topic/fintech) [Post Link](https://x.com/samboboev/status/1947310757219094575)
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Sam Boboev @samboboev on x XXX followers
Created: 2025-07-21 15:00:38 UTC
🚨 FINTECH: Wise Co-Founder Slams Fintech’s Plans to Move Listing to US
An investment vehicle owned by the co-founder of Wise urged fellow shareholders to vote against the company shifting its primary listing out of London, arguing the move lacks transparency about important changes to governance.
A vote for changing the listing location also requires shareholders to approve extending the dual-class shareholder structure that was introduced during the company’s 2021 direct listing, according to a letter to shareholders from Skaala Investments OÜ. Skaala is controlled by Taavet Hinrikus, who left Wise in 2021 and has gone on to back many smaller stage technology firms.
Wise’s board continued to urge shareholders to approve the resolution this month, arguing in a separate statement that “the dual-class share structure is essential to ensuring our continued successful performance.”
The dual-class share structure is somewhat common across Silicon Valley, though the practice has drawn criticism from some corporate governance experts. For instance, Meta has two classes of shares with one category having XX times the voting rights of the other.
Wise last month shook London’s stock market by saying it was moving its primary listing to the US, where it sees an opportunity to tap into its XXXXX banks and XXX million customers. Chief Executive Officer Kristo Käärmann, who co-founded Wise with Hinrikus in 2011, has previously said the firm’s investors had “positively received” the announcement.
Source Bloomberg News
#fintech #payments #banking
XX engagements
Related Topics governance london investment listing fintech