Revolut, a prominent British fintech firm known for its crypto-friendly stance, has reportedly set its sights on a valuation of up to $200 billion in its impending stock market listing, as disclosed by the Financial Times. Despite stating that it would not pursue a listing before 2028 and had not established formal valuation targets after its $75 billion share sale in November, the company has allegedly discussed a potential valuation range of $150 billion to $200 billion with investors for its initial public offering (IPO). Additionally, Revolut is said to be preparing for a secondary share sale in the latter half of 2026, with anticipated valuation expectations of $100 billion post-sale.
The firm's co-founder, Nik Storonsky, mentioned in December that his stake would be valued at approximately $80 billion if the company reaches the $200 billion mark. In 2025, Revolut saw a 57% surge in pre-tax profit to 1.7 billion pounds ($2.3 billion), marking a slower gain compared to the previous year's near 150% increase.
Furthermore, Revolut applied for a banking license with the Office of the Comptroller of the Currency (OCC) in March, which, if approved, would enable the London-based fintech to operate more like a traditional bank in the world's largest economy. Although Revolut is targeting a record-breaking IPO, a source close to the fintech revealed that no formal valuation has been decided upon, according to the Financial Times.