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3mo ago

Revolut Sets 2028 IPO Timeline, Eyes Up to $200 Billion Valuation

The fintech is bolstering bank credentials with a UK license alongside a U.S. charter bid to strengthen its public‑market case.

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Revolut delays ipo to 2028 and focuses on u.s. banking license and b2b expansion
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Overview

  • Revolut, whose CEO Nik Storonsky said Monday the float is “two years away,” pushed any listing to 2028 to build trust as a bank.
  • Investor discussions reported Tuesday by the Financial Times put a possible IPO value in a $150 billion to $200 billion range, with no formal target set.
  • The company secured a full UK banking license in March 2026 and has applied for a U.S. national bank charter to offer loans, credit cards, and direct access to Federal Reserve payment rails.
  • Management plans more secondary share sales before listing after a November deal valued Revolut at $75 billion, with a 2026 transaction under consideration reported by Bloomberg.
  • Strong 2025 results support the strategy, including roughly $6 billion in revenue, about $2.3 billion in pre‑tax profit, and more than 68 million customers across 40 markets.