- by foxnews
- 28 Nov 2024
How Wise co-founder went from tech darling to tax list of shame
How Wise co-founder went from tech darling to tax list of shame
- by theguardian
- 29 Jun 2022
- in technology
1.1 k views
Wise reached a valuation of almost £12bn in September, making both co-founders billionaires on paper. However, the investor shift away from growth stocks amid fears of higher interest rates has dampened enthusiasm, and the payments company started the week at £3.9bn, less than half the valuation on its London market debut a year ago.
Käärmann, 41, has retained more power over Wise than majority shareholders generally do when listing shares in the UK: a controversial US-style share structure gives him almost half of the votes at company meetings.
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