Revolut Eyes Dual London-New York IPO at $75B Valuation: Report
Revolut is reportedly exploring a twin itemizing in London and New York, a transfer that might mark a landmark second for each monetary hubs.
Key Takeaways:
- Revolut is contemplating a twin itemizing in London and New York that might worth the corporate at $75 billion.
- If accredited, it could turn out to be the primary agency to hitch the FTSE 100 whereas itemizing in New York concurrently.
- Recent UK regulatory reforms and political assist could also be shifting the corporate’s stance towards a London debut.
If accomplished, the itemizing might worth the fintech big at round $75 billion, positioning it among the many most respected firms on the London Stock Exchange.
According to a senior City source cited by The Sunday Times, the potential for a twin itemizing is now “broadly mentioned” inside monetary circles.
Revolut Could Become First to Join FTSE 100 and List in New York Simultaneously
A deal of this scale would make Revolut the primary firm to concurrently listing in New York whereas getting into the FTSE 100 index in London.
With a market cap equal to £55 billion, it could rank among the many high 15 listed companies within the UK.
Founded by Nik Storonsky, Revolut has developed from a travel-focused pay as you go card into Europe’s most respected non-public fintech, with providers spanning crypto buying and selling, resort bookings, enterprise accounts, and extra.
The firm serves 65 million customers globally, 12 million of whom are primarily based within the UK. Despite beforehand criticizing London’s itemizing setting, pointing to the 0.5% stamp obligation on share trades, Storonsky has signaled openness to the UK if situations enhance.
Recent regulatory modifications might have tipped the stability. Companies the scale of Revolut can now be fast-tracked into the FTSE 100 inside 5 days, making index-tracking fund participation in IPOs considerably simpler.
Storonsky not too long ago referred to the UK as “our house nation” through the launch of Revolut’s new Canary Wharf headquarters, the place UK Chancellor Rachel Reeves known as Britain “the perfect place to do enterprise.”
Revolut’s chairman Martin Gilbert attended a gathering throughout President Trump’s state go to between Reeves and U.S. Treasury Secretary Scott Bessent, the place a transatlantic taskforce was introduced to encourage twin listings.
On the identical journey, Nvidia CEO Jensen Huang additionally pledged funding in Revolut.
Crypto IPOs Gain Momentum
Last week, BitGo formally filed for an initial public offering, turning into the primary devoted crypto custodian to pursue an inventory on a US inventory trade.
BitGo’s IPO submitting got here amid renewed momentum for crypto-related public choices.
The digital asset house has seen a number of notable public listings in 2025. Stablecoin issuer Circle made a splash with its IPO in June, surging greater than sevenfold since going public.
Online trading platform Etoro, which affords crypto buying and selling amongst its providers, debuted in May.
In addition, Galaxy Digital, led by Mike Novogratz, moved its itemizing from the Toronto Stock Exchange to Nasdaq earlier this yr.
Gemini, the trade based by the Winklevoss twins, filed confidentially for a U.S. IPO in June, signaling robust market confidence in crypto exchanges going public.
More not too long ago, Figure Technology Solutions Inc., a blockchain-focused lending platform, raised $787.5 million in its initial public offering.
The San Francisco-based firm, alongside key backers together with Ribbit Capital, bought 31.5 million shares at $25 apiece, valuing the agency at roughly $5.3 billion.
Originally concentrating on a decrease vary, Figure elevated each the share rely and worth simply days earlier than the itemizing, signaling robust investor demand.
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