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.

Wise, which will maintain a secondary listing in London, had been exploring its listing options lately - a shift seen across the London markets due to stunted growth opportunities and lower valuations.

Wise's listing shift underscores years of pain. "U.K. stock market continues to take a succession of blows to the head," one expert said.