Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Wise IPO

Discover how you could get exposure to Wise (formerly Transferwise) – both before and after its initial public offering (IPO) – with the world’s No.1 provider of CFDs and spread bets.1

Start trading today. Call 0800 195 3100 or email newaccountenquiries.uk@ig.com. We’re available from 8am to 6pm (UK time), Monday to Friday.

Contact us: 0800 195 3100

Start trading today. Call 0800 195 3100 or email newaccountenquiries.uk@ig.com. We’re available from 8am to 6pm (UK time), Monday to Friday.

Contact us: 0800 195 3100

Why trade the Wise IPO with us?

We’re the only UK provider that lets you take a position pre-IPO with our exclusive grey markets, participate in the IPO on the primary market, and buy or sell the stock once it’s fully listed on the secondary market.2

Grey market

Speculate on Wise’s market cap pre-IPO if we offer one for the Wise listing3

Primary market

Secure stock at the IPO price, and receive your allocation at the same time and price as institutional investors (if offered)

Secondary market

Take your position on Wise shares via spread betting, CFDs trading, or invest via share dealing, once it’s fully listed

What's on this page?

What's on this page?

Wise IPO: how to get exposure to Wise shares
Trading vs investing in Wise shares
Wise IPO: what you need to know
When will Wise list?
What will Wise be valued at and what could the share price be?
What is Wise's business model?
What are the risks of trading an IPO?
How do IPOs work?

Wise IPO: how to buy or trade Wise shares

Before the listing

We offer an exclusive range of grey markets. If available for Wise, you’d go long or short on the grey market price.

Our primary markets enable you to invest by subscribing to an IPO before the listing. Stock is allocated at the same time and price as that of institutional investors.

After the listing

You’ll be able to buy Wise shares right away on the day they list. As Wise is expected to list in the UK, that would be at 8am GMT. With us, you can:

  • Speculate on share price movements using spread bets or CFDs
  • Buy and own shares directly by share dealing from just £3 commission on UK shares4

Trading and investing are different in many ways. When trading Wise shares with us, you’ll use spread bets or CFDs to speculate on share price movements. These let you take a position without having to own the underlying shares – so you can speculate on shares that are rising (known as going long) or falling (known as going short) in value. If your prediction is correct, you’ll make a profit, but if you’re wrong about the market movement, you’d take a loss.

Spread bets and CFDs are leveraged products, which means that you only need to commit a deposit upfront – called margin – to receive full market exposure. But, bear in mind that while margin can increase your profits, it can also increase your losses.

Learn more about the impact of leverage on your trades

When investing in shares with us, you’ll buy and own physical shares using a share dealing account. Leverage isn’t available when you’re share dealing – so you’ll need to commit the full value of your position upfront. Buying shares will make you a shareholder – eligible to receive dividends and voting rights – and you’ll profit if the share price increases above the price at which you opened your position. If you decide to sell your shares at a point when the share price has decreased below the price at which you opened your position, you’ll take a loss. However, your risk is capped at the price you paid for your shares (excluding additional fees).

Open a share trading account in minutes

Open a share trading account in minutes

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Open a share trading account in minutes

Open a share trading account in minutes

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Wise IPO: what you need to know

Wise, a provider of online money transfer services, was founded in 2011 (as Transferwise). A decade later, the company is going public while changing its name due to the expansion of its service offering.

In Wise’s name change announcement, Kristo Käärmann (co-founder), mentioned that they are looking to improve international banking, but he also stated that not much will change right away. However, Wise’s license to offer investment products, secured in 2020, is just a hint at future possibilities.

Wise has appointed Goldman Sachs and Morgan Stanley as its advisors and underwriters for the company’s London IPO.

Wise is set to list later this year on the London Stock Exchange (LSE) – specific details around the IPO’s timing are yet to be issued.

Wise confirmed its $5 billion valuation in July 2020, after a $319m secondary fundraising round. This market cap might increase based on the performance of the company and market conditions when the IPO occurs.

The Wise target share price is not yet known. It will be determined by the IPO’s underwriters via appropriate valuation techniques. Post-IPO, the price of the shares will be influenced by the supply of and demand for Wise’s stock in the underlying market.

Get the latest IPO news


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What is Wise's business model?

Wise’s business model is focused on providing financial services. Through rapid international growth, the company has become one of the most valuable fintech startups in Europe. The company’s international monthly transfers amount to around $6 billion, servicing almost 10 million customers.

Wise makes its money through cross-currency transfer fees on private and business accounts. The company prides itself in enabling their customers to transfer money across 50 currencies at fares that are significantly lower than those of its competitors. Furthermore, transparency and the company’s bank transfer exchange rate – which remains fixed for two days – protect Wise customers against unfavourable hidden fees.

How do IPOs work?

IPOs work by enabling a company to start selling its shares to retail and institutional investors. Most companies list shares to raise capital to fund expansion, pay debts, attract and retain talent, or monetise assets.

Before an IPO takes place, an audit must be conducted that looks at all aspects of the company’s financials. Then, the business has to prepare a registration statement to file with the appropriate exchange commission. If approved, the company will list a defined number of shares at a price set by an investment bank. The shares will be available to purchase through the chosen stock exchange.

FAQs

All trading activity is risky – IPOs come with additional risks, including:

  • Missing important company information that might impact share prices, eg pending legal cases and intellectual property that is not patented
  • Little to no trading track record to base decisions on
  • Elevated market expectations that do not materialise
  • Companies not meeting their target market cap

Before committing to any trade, it is important that you have all the facts that you need. In the case of trading IPOs, you can use company prospectuses, admission documents and other information to stay up-to-date. By staying informed, you can avoid risks that could affect your position in a trade.

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1Based on revenue excluding FX (published financial statements, June 2020).
2Based on our IPO offering that includes pre-IPO grey markets, primary market access, and trading and investing on the secondary market.
3We do not offer grey markets on all IPOs.
4Open three or more positions on your share dealing account in the previous month to qualify for our best commission rates.