UK Fintech Wise Makes US Trading Debut With Dual Listing (2)

Wise Group Plc made its trading debut in the US with a Nasdaq listing as the financial technology firm tries to take advantage of a larger stock market and its legions of investors.

The company’s shares are trading under the ticker WSE, according to regulatory filings, marking the culmination of a yearslong plan to open up to more investors. Shares in New York fell 3.5% from their opening price on Monday to close at $15.40 each.

For Wise Chief Executive Officer Kristo Kaarmann, the dual listing is designed to increase liquidity and allow for extended trading hours. It ...