Revolut, a UK-based fintech firm known for its crypto-friendly services, is reportedly eyeing a massive initial public offering (IPO) with a potential valuation of up to $200 billion, as stated in a recent Financial Times report. 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 set any valuation targets, discussions with investors have hinted at a possible valuation range of $150 billion to $200 billion for its future IPO. The company, which obtained a full UK banking license in March, is also rumored to be preparing for a secondary share sale in the latter half of 2026, with anticipated valuation of $100 billion post-sale.
In December, co-founder Nik Storonsky mentioned that his stake in the company would be worth around $80 billion if Revolut reaches the projected $200 billion valuation. The firm's pre-tax profit saw a 57% increase to 1.7 billion pounds ($2.3 billion) in 2025, which is a slower growth compared to the nearly 150% increase in the previous year. 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 if approved. While Revolut is aiming for a record-breaking IPO, a source close to the fintech company noted that no formal valuation has been decided yet.