British financial technology company Wise completes its dual listing in the United States, marking its first trading debut.

Wise Group Plc. has been listed on Nasdaq for trading, closing down 3.5% on May 11th at $15.40, aiming to take advantage of the larger stock market in the US and its vast investor base. Wise CEO Kristo Kaarmann stated that the dual listing is intended to increase liquidity and extend trading hours. Wise is seeking to expand in the US through its Wise Platform business and has applied to establish a US national trust bank to connect to the Federal Reserve's payment systems.