Money transfer specialist Wise has filed with America’s stock market regulator for approval of American Depositary Receipts in its shares in the US.
Following its filing with the US Securities and Exchange Commission, the company expected its ADRs would begin trading over-the-counter from 8 September.
Each ADR would represent one share in Wise and complement its London listing by allowing US investors to purchase the shares directly without having to first change currency.
JP Morgan would act as the depositary bank for Wise’s Level 1 ADR programme.
