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Wise slides as Valar Velocity places 4m shares
(Sharecast News) - Wise slid on Thursday after shareholder Valar Velocity Fund 1 placed 4m class A shares in the fintech firm via Morgan Stanley. According to Bloomberg, the shares were placed at 897p each, which is a 1.52% discount to the last close.
At 0930 GMT, Wise shares were down 3.4% at 880.20p.
Valar Ventures is a venture capital firm backed by Peter Thiel. It was one of Wise's early-stage backers.
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