The UK-based fintech firm Revolut has set its sights on a valuation of up to $200 billion in its planned stock market listing, as reported by the Financial Times. This news comes after the company's $75 billion share sale last November.
Although Revolut has stated that it will not pursue a listing before 2028 and has not formally established a valuation target, the company has reportedly discussed a potential valuation range of $150 billion to $200 billion with investors. Additionally, Revolut is said to be preparing for a secondary share sale in the latter half of 2026, with expectations of reaching a $100 billion valuation post-sale. The company's co-founder, Nik Storonsky, has mentioned that his stake in the company would be worth approximately $80 billion if Revolut achieves a $200 billion valuation. In 2025, the company's pre-tax profit saw a 57% increase to 1.7 billion pounds, or $2.3 billion.
Furthermore, Revolut has applied for a banking license with the Office of the Comptroller of the Currency, which would enable the company to operate more like a traditional bank in the US if approved. While Revolut is targeting a record-breaking IPO, a source close to the company has stated that no formal valuation has been decided upon yet.