London’s beleaguered stock market is losing its grip on a “fabulous” fintech listing and others may follow.

LONDON—British payments company Wise said it plans to move its main stock listing to the U.S., in the latest blow to European markets that have experienced a wave of defections. The details The financial-technology company specializes in cross-border transfers.

The London Stock Exchange has been dealt a fresh blow after Wise said it would ditch its primary listing in the UK in favour of a dual listing across the pond