Revolut Weighs U.S. Listing After Reaching $115 Billion Valuation

Revolut is weighing a U.S.-focused initial public offering after a July secondary share sale valued the London-based fintech at $115 billion.

The transaction implied a share price of $2,017 and valued Revolut more than 50% higher than its $75 billion valuation from a November 2025 share sale. The deal involved existing shares, making it a private-market transaction rather than an IPO or public-market capitalization.

Chief Executive Officer Nik Storonsky said Sept. 17 that Revolut favors the United States because it offers a larger investor pool.

“It’s a larger market,” Storonsky said. “Therefore, yes, we prefer the United States.”

Revolut is also considering a dual listing on Nasdaq and the London Stock Exchange. The company has not announced a formal IPO filing, exchange-selection decision, offering size or listing date. Any listing is at least a year away and would remain subject to market conditions.

Revolut’s 2025 results included £4.5 billion in revenue and £1.7 billion in profit before tax. The company ended the fiscal year with 68.3 million retail users and later reported more than 80 million customers globally.

Revolut is pursuing a U.S. national bank charter. The Office of the Comptroller of the Currency approved the application Sept. 2, after Revolut filed it March 4.

The proposed bank would be headquartered in Stamford, Connecticut, with an administrative office in New York and no customer-facing branches. It would offer deposits, lending and other financial products nationwide through digital channels, subject to the remaining regulatory process.