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FinTech Boom – $5B Wise IPO may be done in Facebook style
According to Sky News, the UK FinTech pioneer Wise (previously known as TransferWise) is in the final stage of its IPO preparation. The plans include introducing a dual-class share structure to keep control of the company in the hands of its founders Taavet Hinrikus and Kristo Kaarmann, and early investors. Sky News has learned that Wise and its bankers plot the creation of a new dual-class share structure as part of proposals to go public on the London Stock Exchange.