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Wise/Transferwise Float

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Padders72
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Wise/Transferwise Float

#425370

Postby Padders72 » July 6th, 2021, 10:08 pm

I see Wise, the artist formerly known as Transferwise is coming to market tomorrow via direct listing. Having used their services and noting their recent profitability I am tempted to dabble but I'll admit haven't done extensive research. Anyone else interested or have a view on if a rosy or rocky future awaits?

ReallyVeryFoolish
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Re: Wise/Transferwise Float

#425432

Postby ReallyVeryFoolish » July 7th, 2021, 8:23 am

Padders72 wrote:I see Wise, the artist formerly known as Transferwise is coming to market tomorrow via direct listing. Having used their services and noting their recent profitability I am tempted to dabble but I'll admit haven't done extensive research. Anyone else interested or have a view on if a rosy or rocky future awaits?

Well, last week I was "invited" by Wise (as an account holder) to invest in Wise at listing and hold for a year to be paid a 5% bonus up to the value of £100. I replied straight away since I think Wise definitely has potential especially with the small and micro business community wishing to trade beyond the UK. Having done exactly that for the last year, I found that Wise has a presently unbeatable offering for that purpose. For a business trading outside the UK Wise is the only business account you need. It's very easy to use and extremely low cost compared to regular business banking solutions.

Anyway, that's the last I heard from them regarding being one of their hand picked account holders specially selected to benefit from Wise's listing. Not sure what to make of it really. I will keep half an eye on the shares but I will wait for the froth of listing to dissipate before putting a small amount into the shares. If at all. Hope that helps.

RVF

richfool
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Re: Wise/Transferwise Float

#425516

Postby richfool » July 7th, 2021, 11:42 am

As a saver with Wise,(holding money in various currencies), I was a bit concerned that if I also invested with them, I would be increasing my risk, if anything went wrong. So I left the invitation alone.

Padders72
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Re: Wise/Transferwise Float

#425529

Postby Padders72 » July 7th, 2021, 12:15 pm

richfool wrote:As a saver with Wise,(holding money in various currencies), I was a bit concerned that if I also invested with them, I would be increasing my risk, if anything went wrong. So I left the invitation alone.


Sounds very wise (see what I did there?)

Price fluctuating but currently sitting at about the launch price of 827.7p so not a flyer just yet, if at all.

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Re: Wise/Transferwise Float

#425531

Postby richfool » July 7th, 2021, 12:26 pm

Padders72 wrote:
richfool wrote:As a saver with Wise,(holding money in various currencies), I was a bit concerned that if I also invested with them, I would be increasing my risk, if anything went wrong. So I left the invitation alone.


Sounds very wise (see what I did there?)

Price fluctuating but currently sitting at about the launch price of 827.7p so not a flyer just yet, if at all.

Yes, I thought it wise to transfer my attentions elsewhere. ;)

For those interested, an update on the float here:

https://uk.finance.yahoo.com/news/wise- ... 33893.html

SteMiS
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Re: Wise/Transferwise Float

#425537

Postby SteMiS » July 7th, 2021, 12:37 pm

I like the business and use them regularly to make overseas payments which are very easy, cheap and efficient.

However there are two things that put me off investing

1. Valuation - £8.3 bn for a company which made £31m profit last year.

2. Shares structure - the company has a dual share structure which effectively concentrates voting power in the B shares which remain in the hands of it's founders

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Re: Wise/Transferwise Float

#425624

Postby barchid » July 7th, 2021, 5:26 pm

I use them, very happily, too, so I registered with them as a customer for their sharedeal offer, before the float, details to be released after the float. Today the details of their "offer" have emerged, if you can show proof of ownership of shares bought on or before July 14 & if you hold them for a year they will increase your holding by 5%.
Sadly their increase is also capped at a maximum of £100 total per holder.
Hardly worth offering it was it ?

Padders72
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Re: Wise/Transferwise Float

#425629

Postby Padders72 » July 7th, 2021, 5:31 pm

These seem to have closed at circa 880p so up ~50p on the day or ~5.5%. Not bad but not extraordinary.

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Re: Wise/Transferwise Float

#425636

Postby scrumpyjack » July 7th, 2021, 6:00 pm

I see that Baillie Gifford was an early investor in it, along with Peter Thiel, via a company called Valar Ventures. Don't know which of their funds/ITs participated.

A reasonable premium after an IPO is good but a huge premium means the bankers floating it haven't done their job properly and those providing the shares for the IPO would rightly feel aggrieved.

Padders72
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Re: Wise/Transferwise Float

#425639

Postby Padders72 » July 7th, 2021, 6:15 pm

scrumpyjack wrote:I see that Baillie Gifford was an early investor in it, along with Peter Thiel, via a company called Valar Ventures. Don't know which of their funds/ITs participated.

A reasonable premium after an IPO is good but a huge premium means the bankers floating it haven't done their job properly and those providing the shares for the IPO would rightly feel aggrieved.


This wasn't a regular IPO with the price set beforehand by banks, it was a direct listing with the price set by auction, different gravy.

Padders72
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Re: Wise/Transferwise Float

#426057

Postby Padders72 » July 9th, 2021, 9:17 am

Well perhaps my lack of enthusiasm was misplaced, today, 3 days after launch, they are sitting at around £10 and ~ 20% up and still rising so clearly some saw value in the original price. I'm glad a stuck few grand in now. Congrats and good luck to other holders too.

I'll admit it was more a punt than a well researched strategic investment, but punts are good too when they work out!

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Re: Wise/Transferwise Float

#426061

Postby Steveam » July 9th, 2021, 9:31 am

I bought some earlier this week using Hargreaves Lansdown - have sent in the registration for the bonus shares (but very limited). Currently showing a 20% profit but I’m happy enough to hold and see what happens. Their service is extremely good and I use them regularly.

Best wishes,

Steve

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Re: Wise/Transferwise Float

#442123

Postby XFool » September 14th, 2021, 12:30 pm

I have a query here wrt how Wise accounts are operated: viewtopic.php?p=442121#p442121


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