|Bid||800.00 x N/A|
|Ask||925.00 x N/A|
|Day's range||803.77 - 823.80|
|52-week range||794.65 - 1,176.50|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The sale by Taavet Hinrikus was priced at 815p per share, representing a 4% discount to the closing price in the previous session.
Hinrikus sold about 10 million Class A shares in the company, which specialises in cross-border money transfers, through an accelerated bookbuilding process, the bookrunner said. Wise, whose shares fell about 5% in early deals on Friday, said a day earlier OÜ Notorious, Hinrikus' private investment firm, will hold on to its 54 million class B shares.
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. Hinrikus is also the chairman of Wise Plc, which debuted on the London exchange in July this year. Wise, on Tuesday, had reported a growth in second-quarter revenue helped by higher customer numbers attracted in part by lower prices.