Revolut is targeting a valuation of up to $200bn in a planned stock market listing, according to investors who have been briefed by the fintech company.
The British digital banking firm has communicated this valuation target to potential investors as it prepares for its public market debut, the Financial Times reported.
The $200bn figure would represent one of the largest valuations for a fintech company going public. Revolut has not yet announced a timeline or specific exchange for the listing.
Founded in 2015, Revolut offers digital banking services including money transfers, currency exchange, and cryptocurrency trading. The company has expanded its operations across multiple countries and grown its customer base significantly in recent years.
The fintech has been working toward a public listing after operating as a private company backed by venture capital and private equity investors.
Revolut Public Listing Plans
Revolut remains a privately held company and has not yet announced an official IPO date, but its listing plans have become clearer through executive comments and market reports. The company is widely expected to go public in the 2027–2028 timeframe, based on statements from CEO Nik Storonsky.
While no final decision has been made on the listing venue, strong indications suggest a preference for the U.S. market particularly Nasdaq due to higher valuations and deeper liquidity, although the London Stock Exchange remains a serious contender, especially following Revolut’s progress toward becoming a fully licensed bank in the UK. A dual listing across both markets is also considered a possibility.
In terms of valuation, Revolut was most recently valued at around $75 billion in private markets, but internal ambitions and investor expectations point toward a potential IPO valuation exceeding $100 billion, with some projections even stretching toward $200 billion if growth targets are met. T
he company has been deliberately postponing its listing to strengthen its financial position, expand globally, and transition from a fintech platform into a full-scale international banking group.
If successful, Revolut’s eventual IPO could rank among the largest fintech listings globally and serve as a major test case for whether European-founded tech companies choose U.S. or domestic exchanges for their public debut.
