Overview
- Multiple reports say a dual float at roughly a $75 billion valuation is being explored, with senior City sources describing the plan as widely discussed.
- If executed, Revolut would be the first company to list in New York while entering the FTSE 100 at the same time, aided by new rules that allow index entry within five days.
- The fintech is not rushing an IPO as it continues secondary share sales that value the business near $75 billion.
- Revolut is prioritising completion of its UK bank rollout, which remains in testing after regulatory authorisation last year.
- As a UK-incorporated firm, Revolut would need a full dual listing in both markets, and officials have launched a transatlantic taskforce to examine ways to facilitate such listings.