Revolut Builds $200 Billion IPO Case on Record Profits
Revolut has informed buyers it’s focusing on a valuation of $150 billion to $200 billion for a future preliminary public providing (IPO), the Financial Times reported on Tuesday.
The London-based fintech, which was valued at $75 billion in a secondary share sale final November, wouldn’t search a inventory market itemizing earlier than 2028. No formal valuation goal has been set, a supply near the corporate informed the FT.
Revolut Eyes Up to $200 Billion Valuation in Future IPO
The firm’s financial performance supports the ambition. Revolut’s pre-tax revenue hit a document £1.7 billion ($2.3 billion) in 2025, a 57% enhance from the prior yr.
Revenue climbed 46% to £4.5 billion as its retail buyer base grew 30% to 68.3 million.
Reports additionally point out that Revolut is making ready for a secondary share sale within the second half of 2026. That transaction may worth the corporate at round $100 billion, laying a stepping stone toward the IPO target.
Co-founder Nik Storonsky said in December that his private stake can be price roughly $80 billion if the corporate reached a $200 billion valuation.
Banking Licenses Fuel Global Expansion
Revolut received a full UK banking license from the Prudential Regulation Authority in March 2026, ending a years-long software course of.
The license permits the crypto-friendly fintech to offer lending, financial savings, and credit score merchandise to UK prospects.
The firm additionally utilized for a US banking license with the Office of the Comptroller of the Currency (OCC) in early March.
If accredited, Revolut would function extra like a traditional bank on this planet’s largest economic system.
Can Revolut justify a $200 billion price ticket? This could hinge on how rapidly it converts new banking powers into lending income and grows its US footprint earlier than any itemizing.
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