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.

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.

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.