Wise entered the UK stock market with a bang. In the US, the Pentagon cloud contract saga is not over, with open warfare between Microsoft and Amazon. Samsung's results are solid. Credit Suisse is not done with the Archegos case. Didi's debut on Wall Street is a painful one.
Wise went public in London on Wednesday. A first for the British market, the fintech specialized in international transfers entered the stock exchange through a direct listing. Valued at 5 billion pounds in July 2020, the auction concluded after three hours with a market capitalization of GBP 7.5 billion.
The Pentagon cancels the $10bn cloud contract with Microsoft.