According to a report by the Financial Times, Revolut, a leading crypto-friendly fintech firm, 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 set a valuation target, discussions with investors have reportedly centered around a potential valuation range of $150 billion to $200 billion.
The company is also preparing for a secondary share sale in the second half of 2026, with expected valuation of $100 billion post-sale. Revolut's co-founder, Nik Storonsky, has mentioned that his stake in the company would be worth around $80 billion if the company reaches a $200 billion valuation. 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 banking license in the US, which would enable it to operate more like a traditional bank. While Revolut is targeting a record-breaking IPO, a source close to the company notes that no formal valuation has been decided upon.