Revolut Considers Dual London-New York IPO Listing at $75B

One of Europe’s most valuable startups, Revolut, is exploring a dual listing in London and New York for its initial public offering, the Sunday Times reported, citing a senior City source. If it proceeds, the move could mark the first time a company simultaneously lists in New York and joins London’s benchmark FTSE 100, potentially giving the UK’s financial center a much-needed vote of confidence.

The London-based firm is valued at around $75 billion and has amassed 65 million users globally, including 12 million in the UK. It began as a travel-focused prepaid card and has since expanded into stock and crypto trading, hotel bookings, and business accounts. Data from TheTie shows the firm has raised $3.77 billion since its launch, and the company was reportedly seeking to raise $1 billion at a $65 billion valuation earlier this year.

CEO Nik Storonsky has pushed for an IPO to allow early investors to exit and had previously dismissed London as a venue due to the UK’s 0.5% stamp duty tax on share trading. However, Storonsky’s stance appears to be softening following new rules introduced this month that allow large firms to enter the FTSE 100 within just five days of listing, potentially unlocking major demand from index-tracking funds and boosting liquidity. At the opening of Revolut’s new London headquarters last week, attended by Chancellor Rachel Reeves and Chairman Martin Gilbert, Storonsky called the UK Revolut’s home country.

Автор Benjamin Redfern

I was born in 1979 in Dunedin, New Zealand, where cold mornings, steep streets, and strong opinions about rugby were part of ordinary life. I use Benjamin Redfern as my public name. My private identity remains known only to close family and long-standing friends.