Revolut Sets Sights on $200 Billion IPO Valuation

According to a report by the Financial Times, Revolut, a British fintech firm known for its crypto-friendly stance, 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 that it will not pursue a listing before 2028 and has not formally established any valuation targets, discussions with investors have reportedly centered around 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 said to be preparing for a secondary share sale in the second half of 2026, with expectations of achieving a $100 billion valuation post-sale. In December, co-founder Nik Storonsky mentioned that his stake in the company would be worth approximately $80 billion if Revolut reaches the targeted $200 billion valuation. The company's pre-tax profit saw a 57% increase to 1.7 billion pounds ($2.3 billion) in 2025. Additionally, Revolut has applied for a banking license with the Office of the Comptroller of the Currency, which would enable the London-based fintech to operate more like a traditional bank in the US. While Revolut is aiming for a record-breaking IPO, a source close to the company notes that no formal valuation has been decided upon yet.