Why tech companies are snubbing the London Stock Exchange
British fintech Wise said this week it would shift its primary listing from London to New York, joining a growing list of firms snubbing the London Stock Exchange. UK chip designer Arm opted for a New York IPO in 2023, while food delivery giant Just Eat Takeaway quit the LSE for Amsterdam in November. Sweden’s Klarna has confirmed plans to go public in New York, following in the footsteps of fellow Stockholm-based tech darling Spotify, which listed on the NYSE in 2018. The draw? Bigger valuations, deeper capital, and more appetite for risk. “The US economy continues to perform far…This story continues at The Next Web [...]
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Wise left London for Nasdaq. It is also applying for a US banking charter. The migration is not just a listing change.
Wise began trading on Nasdaq on Monday under the ticker WSE. Shares opened at 15.96 dollars. The London-founded fintech, which went public on the London Stock Exchange in July 2021 via a direct lis [...]
Lime announces $25 million action plan to help fix London's e-bike chaos
In November, Transport for London (TfL) announced new steps to regulate e-bikes, but a lack of legislation or power meant that most of the onus fell to e-bike services to do the right thing. Now, Lime [...]
Waymo plans to launch fully autonomous taxi service in London next year
Waymo is bringing its autonomous taxis to the UK in 2026, marking the company’s first major expansion outside of the US. Waymo has selected the mobility company, Moove, as its fleet operations partn [...]
€19bn Visma picks London for tech IPO in rare win for UK stock market
Norwegian software firm Visma has provisionally picked London for its IPO next year. It could mark a rare win for the UK’s troubled stock market — if Downing Street pulls through on its promised r [...]
Mistral drops Voxtral Transcribe 2, an open-source speech model that runs on-device for pennies
Mistral AI, the Paris-based startup positioning itself as Europe's answer to OpenAI, released a pair of speech-to-text models on Wednesday that the company says can transcribe audio faster, more [...]
From Bitcoin trading to financial super apps: what nine years of Binance reveal about crypto exchange evolution
Nine years later, Binance serves more than 316 million users across trading, payments, savings, tokenized securities, and traditional asset access. Its evolution from a spot cryptocurrency exchange i [...]
The UK government reportedly wants Anthropic to expand its presence in London
While the US and Anthropic are in the midst of a major dispute, the UK is trying to sway the San Francisco-based AI company to expand its presence on English soil. According to a report from The Finan [...]
Mistral AI just released a text-to-speech model it says beats ElevenLabs — and it's giving away the weights for free
The enterprise voice AI market is in the middle of a land grab. ElevenLabs and IBM announced a collaboration just this week to bring premium voice capabilities into IBM's watsonx Orchestrate plat [...]