Money transfer firm Wise slumped after announcing late on Thursday that co-founder Taavet Hinrikus was planning to sell up to 11m A class shares in the company through an accelerated bookbuilding process.
The bookbuilding process is being led by Goldman Sachs and the shares are being sold through Hinrkikus’ private investment firm, OÜ Notorious.
At 0815 BST, the shares were down 4.7% at 810p.
