Deals
Wise Co-Founder Hinrikus Sell Shares in Direct Listing
- Hinrikus sold portion of his stock in company this week
- Entrepreneur set to step down as Wise chairman within a year
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Wise Plc co-founder Taavet Hinrikus sold a portion of his stake in the money-transfer company when it went public this week, according to people familiar with the matter.
Hinrikus, who’s currently executive chairman of Wise, cashed in on a slice of his 10.85% holding in the group as part of its direct listing on the London Stock Exchange, the people said, asking not to be identified as the information is private.