British digital bank Revolut is planning an initial public offering with a tarreceive valuation of between 150 and 200 billion US dollars. This is reported by the Financial Times, citing investors who were briefed by the fintech company on its IPO plans. However, an IPO is not expected to take place before 2028 at the earliest.
Ambitious Valuation Tarreceives for the IPO
According to the Financial Times, Revolut executives have discussed the tarreceive valuation internally as well as with selected investors. However, one person close to the company stressed that no formal valuation tarreceive had yet been set. Revolut itself declined to comment to the newspaper.
“We are a bank, and for a bank, trust is extremely important. Listed companies enjoy more trust than private companies,” declared Revolut founder Nik Storonsky in a Bloomberg interview with David Rubenstein, the chairman of private equity group Carlyle.
The tarreceiveed valuation of 150 to 200 billion dollars would represent a substantial increase compared to the current valuation. The most recent funding round in November 2025 valued Revolut at 75 billion dollars, up from 45 billion dollars in 2024. New investors include chipcreater Nvidia, among others.
Billion-Dollar Sum for Founder Storonsky
Achieving the valuation tarreceives would have far-reaching consequences for company founder Nik Storonsky personally. The Financial Times had previously reported that such an outcome would trigger a compensation package modelled on that of Elon Musk.
Storonsky stated in a Russian-language interview in December that his incentive package would secure him a stake of around 40 percent in the company should Revolut reach a valuation of 200 billion dollars. That would put his stake at approximately 80 billion dollars.
Specifically, a long-standing agreement stipulates that Storonsky’s stake in the company will increase by several percentage points once Revolut reaches a valuation of 150 billion dollars, as the Financial Times reports.
Secondary Sale Planned Before IPO
Ahead of a possible IPO, Revolut is preparing a further secondary sale of shares, according to the Financial Times. This is intconcludeed to allow existing investors to sell portions of their holdings. Previous backers include venture capital firms Balderton Capital and Index Ventures, among others. The secondary sale is planned for the second half of 2025, with insiders expecting a valuation of more than 100 billion dollars. Such transactions typically drive company valuations higher.
The ambitious valuation tarreceives are underpinned by the company’s continued strong growth. According to the Financial Times, Revolut’s pre-tax profits rose by 57 percent last year to £1.7 billion, on revenues of £4.5 billion. The primary driver was a 67 percent increase in revenue from subscriptions to premium services.
Since its founding in 2015, Revolut has grown to become Europe’s most valuable start-up. The granting of a full UK banking licence in March 2026 is regarded as an important milestone: it allows Revolut to accept customer deposits directly and to extconclude loans from them. The company has also recently applied for a US banking licence in order to establish a sustainable presence in the important American market.
Leave a Reply