Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.11
    +1.21 (+1.48%)
     

  • GOLD FUTURES

    2,339.40
    -7.00 (-0.30%)
     

  • DOW

    38,528.48
    +288.50 (+0.75%)
     

  • Bitcoin GBP

    53,614.54
    +11.48 (+0.02%)
     

  • CMC Crypto 200

    1,436.15
    +21.39 (+1.51%)
     

  • NASDAQ Composite

    15,716.85
    +265.54 (+1.72%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Wise co-founder Taavet Hinrikus to sell some shares in company

Reuters
Updated ·1-min read

(Reuters) - Wise Plc co-founder Taavet Hinrikus would sell up to 11 million, or about 1.1%, of the money transfer company's Class A shares through an accelerated bookbuilding process, the company said on Thursday.

The company, which specialises in cross-border transfers, said that the 54 million class B shares held by OÜ Notorious, Hinrikus' private investment firm, would not change.

The price for the sale of the Class A shares is yet to be set. Shares of Wise closed at 850 pence on Thursday.

Hinrikus is also the chairman of Wise Plc, which debuted on the London exchange in July this year.

ADVERTISEMENT

Wise, on Tuesday, had reported a growth in second-quarter revenue helped by higher customer numbers attracted in part by lower prices.

(Reporting by Aditi Sebastian in Bengaluru; Editing by Shailesh Kuber)