Revolut Sets Sights on $200 Billion IPO Valuation

According to a report by the Financial Times, British fintech firm Revolut is aiming for a valuation of up to $200 billion in its upcoming stock market listing. This news comes after the company's $75 billion share sale in November last year. Although Revolut has stated it will not pursue a listing before 2028 and has not formally set a valuation target, discussions with investors have hinted at a potential valuation range of $150 billion to $200 billion for its initial public offering. The company, which obtained a full UK banking license in March, is also preparing for a secondary share sale in the second half of 2026, with expected valuation of $100 billion post-sale. Co-founder Nik Storonsky's stake in the company would be worth approximately $80 billion if Revolut reaches the targeted $200 billion valuation. In 2025, the company's pre-tax profit saw a 57% increase to 1.7 billion pounds, or $2.3 billion. Additionally, Revolut has applied for a banking license with the US Office of the Comptroller of the Currency, which would enable the company to operate more like a traditional bank in the US. While Revolut is aiming for a record-breaking IPO, a source close to the fintech company notes that no formal valuation has been decided upon.