UK Direct Listings - Key Insights

Linklaters’ market leading equity capital markets team recently advised Wise plc on the first European Tech company direct listing, a transaction that also included the UK’s first widely held dual-class share structure, novel liquidity provision arrangements and a bespoke opening auction for Wise’s shares on the London Stock Exchange.

Coming to market by way of a direct listing offers prospective issuers with an important alternative to a traditional IPO. We would be happy to share with you our learnings for this innovative listing structure including why it may be an attractive option for you as you approach a transformational stage in your growth cycle.