- Revolut confirmed its intention to have a dual listing on the New York and London stock exchanges.
- Nik Storonsky, the founder, said that he prefers the US market because it has a greater investor base.
- A partner of Charles Russell Speechlys referred to it as a vote of confidence for London.
British fintech Revolut stated that it is examining the possibility of listing its shares on both the New York and London stock exchanges. This indicates that Europe’s most valuable fintech company is moving nearer to going public after many years of speculation.
According to the Financial Times, Nik Storonsky, the company’s founder and CEO, said he favours the US market because it has more institutional investors, although he is still considering London as a possibility.
Storonsky pointed out that Revolut could sell its shares either in a small market with only a few buyers or in a huge market with many buyers all competing vigorously for the company’s shares, and stated that he would prefer the United States.
This follows a secondary offering of shares in July 2026, which raised the company’s valuation from $75 billion in November 2025 to $115 billion. Storonsky is also preparing a new incentive scheme tied to a possible valuation of $500 billion.
Having a dual listing would place Revolut among a small number of companies, as it is rare for firms to be listed on two exchanges simultaneously, and those that are generally tend to be the largest and most actively traded. This is occurring at a difficult time for London, which is currently witnessing a very low number of initial public offerings and is expected to remain so until 2027.
Meanwhile, the UK fintech company Wise intends to transfer its primary listing to the United States, and AstraZeneca is increasing its presence in New York to align with its FTSE 100 status. The UK government would consider it a major achievement to secure even a partial listing of Revolut.
The timeline for an IPO is now expected to be around 2028. New rules introduced in September 2025 allow companies such as Revolut to enter the FTSE 100 within five days of going public, eliminating an earlier barrier.
At the moment, Revolut has confirmed what most people expected: it intends to go public and clearly favours the United States.
