Wise slides as Valar Velocity places 4m shares
Wise Class A
1,037.00p
17:04 20/12/24
0.58%
6.00p
Wise slid on Thursday after shareholder Valar Velocity Fund 1 placed 4m class A shares in the fintech firm via Morgan Stanley.
Support Services
10,602.77
17:14 20/12/24
0.33%
34.59
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.