The $15 bln UK moneychanger may shift its main trading venue to gain more American investors and liquidity. It could achieve similar ends by staying put and pushing for FTSE inclusion. A premium valuation suggests little upside,

Wise Plc is planning to list its shares in the US, the latest loss for London’s stock market after companies worth roughly $100 billion have shifted their primary listings stateside in recent years.

That Revolut — a company that has made little dent in the US, serves 11 million customers in the UK and was started in a fintech incubator in London’s Canary Wharf neighborhood — would consider a New York listing should perhaps be the starkest warning sign for British lawmakers.