Money transfer company Wise on Thursday said it planned to move its primary listing to the U.S. from London, the latest British company to quit the London stock market in search of a bigger valuation elsewhere.

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.

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.