Wise (WISE) Shares Surge After Announcing US Listing Move

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Jun 05, 2025

European markets opened with slight gains as the Stoxx 600 index rose by 0.1%. Germany's DAX index remained flat, while the UK's FTSE 100 increased by 0.02%, and France's CAC 40 climbed by 0.1%.

In corporate news, British fintech company Wise (WISE, Financial) saw its shares jump by 5% following the announcement of its plan to relocate its primary listing to the United States. Formycon AG experienced a 3.4% rise in stock price after its Lucentis biosimilar, FYB201, received approval in Brazil.

Marlowe's stock surged by 10% after the company agreed to be acquired by Mitie, while Mitie's shares fell by 5.2%. Bayer's stock increased by 3.5% as Goldman Sachs upgraded its rating from neutral to buy.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.