Revolut Sets Sights on $200 Billion IPO Valuation

Revolut, a prominent crypto-friendly fintech firm in the UK, has reportedly informed investors of its aim to achieve a valuation of up to $200 billion in its upcoming stock market listing, as stated in a Financial Times article. Despite stating that it would not pursue a listing before 2028 and had not established formal valuation targets following its $75 billion share sale in November, the company is said to have discussed a potential valuation range of $150 billion to $200 billion with investors. The firm, which obtained a full UK banking license in March, is allegedly preparing for a secondary share sale in the second half of 2026, with expectations of a $100 billion valuation post-sale. Co-founder Nik Storonsky's stake is expected to be worth around $80 billion if the company reaches the target 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 with the Office of the Comptroller of the Currency, which would enable it to operate more like a traditional bank in the US. Although Revolut is aiming for a record-breaking IPO, a source close to the fintech company notes that no formal valuation has been decided upon.