Wise Secures US Listing Approval, But Proxy Adviser Oversight Sparks Governance Concerns: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2025
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Source: Benzinga
Wise Plc's U.S. Listing Approval: Wise Plc received shareholder approval for its controversial move to a U.S. primary listing, despite proxy advisory firms missing critical governance issues related to the proposal, which included an extension of dual-class voting rights.
Impact on Governance and Investor Confidence: The approval allows CEO Kristo Käärmann to significantly increase his voting power, raising concerns about institutional oversight quality and due diligence among proxy advisers, which could influence future portfolio management decisions.
Analyst Views on WISE
Wall Street analysts forecast WISE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WISE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 40.154
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Current: 40.154
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
