Wise is one of my favourite companies and has been for a long time.
Today Wise goes public on the London Stock Market – under the ticker – WISE.
They have been a leader in the P2P money transfer space forever, but I think they have a huge number of opportunities in adjacent markets to enter.
Today they will go public for around $7 billion USD.
I can easily see this company being worth $70 billion within 3-5 years.
Deliveroo is planning to go public at a valuation of around $7 billion USD. Here is a quick breakdown of some of their numbers that have just been released.
These number make for hard reading, but it seems like there is a real path towards profitability – but it feels like it is going to really require mass scale of nearly £10 billion per year in GTV to get there.
However, Deliveroo have the ability to start new product lines and delivering in other areas as well as corporate contracts, plus geographic expansion.
Technology stocks are currently dropping fast – so it will be interesting to see if there is an appetite on the London Stock Market for a heavy losing technology company with growing scale.