Wise slides as Valar Velocity places 4m shares
Wise Class A
790.50p
08:04 29/04/24
0.19%
1.50p
Wise slid on Thursday after shareholder Valar Velocity Fund 1 placed 4m class A shares in the fintech firm via Morgan Stanley.
Support Services
10,655.85
08:05 29/04/24
0.13%
14.09
According to Bloomberg, the shares were placed at 897p each, which is a 1.52% discount to the last close.
At 0930 GMT, Wise shares were down 3.4% at 880.20p.
Valar Ventures is a venture capital firm backed by Peter Thiel. It was one of Wise’s early-stage backers.