According to a report by the Financial Times, British fintech firm Revolut, which has a strong focus on cryptocurrency, is aiming for a valuation of up to $200 billion in its planned stock market listing. This news comes after the company's $75 billion share sale last year.
Although Revolut has stated it will not pursue a listing before 2028 and has not formally set a valuation target, it has discussed potential valuations between $150 billion and $200 billion with investors. The company, which recently obtained a full UK banking license, is also reportedly preparing for a secondary share sale in the latter half of 2026, with expectations of reaching a $100 billion valuation post-sale. In 2025, Revolut saw a 57% increase in pre-tax profit, reaching 1.7 billion pounds, or $2.3 billion.
Additionally, the company has applied for a US banking license, which would enable it to operate more like a traditional bank in the US if approved. While Revolut is targeting a record-breaking IPO, sources indicate that no formal valuation has been decided upon yet.