UK-based fintech firm Revolut is aiming for a valuation of up to $200 billion in its planned stock market debut, as reported by the Financial Times. This comes after the company's $75 billion share sale last November. Although Revolut has stated it will not pursue a listing before 2028 and has not formally set a valuation target, it has reportedly discussed a potential $150-200 billion valuation with investors. 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 expected valuation of $100 billion.
Co-founder Nik Storonsky's stake could be worth around $80 billion if the company reaches the $200 billion mark. In 2025, Revolut's pre-tax profit saw a 57% increase to 1.7 billion pounds, or $2.3 billion.
Additionally, the company has applied for a US banking license, which would enable it to operate 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.