Wise Shares Surge on Earnings Guidance as Dual Listing on Track

Shares of Wise Plc jumped the most in more than seven months after the money-transfer firm gave an upbeat earnings guidance and said it’s on track to shift its primary listing to the US in the first half of this year.

The London-listed fintech reported an underlying income of £424.4 million ($570 million) in the three months through December, which exceeded the £412 million average estimate compiled by Bloomberg. Continued customer growth fueled the gains.

The firm is targeting a profit-before-tax margin of 13% to 16% in the medium term, and expects it to be at the top end of ...