British fintech Wise is shifting its primary listing from London to New York, joining a growing list of firms icing the London Stock Exchange.

Wise will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London. The fintech firm debuted on London's stock market in 2021 in a direct listing — viewed at the time as a symbolic win for the U.

The London Stock Exchange has been dealt a heavy blow by Wise, one that could have dire implications for hopes of a fintech IPO boom.