Revolut’s CEO and co-founder, Nik Storonsky, said on Thursday that if the company ultimately goes public, it would prefer to list primarily in the United States. The company aims to “dominate” the U.S. market and plans to launch products including credit cards and loans after obtaining a full U.S. banking license.
This statement further clarifies Revolut’s IPO strategy. Previously, the company had considered various options, including a dual listing in New York and London. Coinpaper previously reported on the fintech company’s IPO timeline, at which time management indicated that a public listing was likely at least another year away.
Revolut's valuation rises to $115 billion
The latest IPO discussions, following another significant increase in Revolut's private market valuation.
A secondary share sale launched in July valued the company at $115 billion, higher than the previous valuation of $75 billion. The transaction set the price per share at $2,017, providing liquidity to existing shareholders rather than raising new capital for Revolut.
This valuation makes Revolut the most highly valued unlisted fintech company in Europe, surpassing the market capitalization of several established European banks.
Investor interest has also expanded beyond traditional financial supporters. According to Coinpaper, NVIDIA’s venture capital arm was reported earlier this year to hold approximately $196 million worth of Revolut shares.
Profits grow alongside valuation.
Revolut's rising valuation is supported by its rapidly improving financial performance.
The company reported revenue of $6 billion for 2025, a 46% year-over-year increase; pre-tax profit rose 57% to $2.3 billion. Customer balances grew 66% to $67.5 billion; as of year-end, Revolut had 68.3 million retail customers. The company now states that over 80 million people worldwide use its platform.
This profitability distinguishes Revolut from many fintech companies that achieved high valuations before establishing a sustainable profit model.
Advancing U.S. banking services could make a New York listing more viable.
The strategic importance of the United States for Revolut is continuously increasing.
The company applied for a U.S. national bank charter in March and has since received preliminary approval. A full charter will enable Revolut to expand its lending business and grow products such as credit cards and loans with less reliance on partner banks.
Revolut also obtained a full UK banking license in 2026, another milestone in its banking expansion.