CEO and co-founder Nik Storonsky said Thursday that Revolut would favor a primary U.S. listing if it eventually goes public. The company wants to “dominate” the American market and plans to introduce products including credit cards and loans once it secures a full U.S. banking charter.
The comments sharpen Revolut’s IPO strategy after the company previously considered options including a dual New York-London listing. Coinpaper earlier covered the fintech’s IPO timeline, with management indicating that a public debut is still likely at least a year away.
Revolut Valuation Climbs to $115B
The latest IPO discussion follows another major jump in Revolut’s private-market valuation.
A secondary share sale launched in July priced the company at $115 billion, up from the $75 billion valuation attached to an earlier transaction. The sale priced shares at $2,017 each and provided liquidity to existing shareholders rather than raising new capital for Revolut.
That valuation makes Revolut Europe’s most valuable private fintech and puts it above the market capitalization of several established European banks.
Investor interest has also expanded beyond traditional financial backers. Coinpaper reported that Nvidia’s venture arm was linked to a roughly $196 million Revolut stake earlier this year.
Profits Are Growing Alongside the Valuation
Revolut’s rising valuation is being supported by rapidly improving financial results.
The company reported $6 billion in revenue for 2025, up 46%, while profit before tax increased 57% to $2.3 billion. Customer balances rose 66% to $67.5 billion, and Revolut ended the year with 68.3 million retail customers. The company now says more than 80 million people use the platform globally.
That profitability differentiates Revolut from many fintech companies that reached large valuations before establishing sustainable earnings.
U.S. Banking Push Could Make New York More Logical
The United States is becoming increasingly important to Revolut’s strategy.
The company applied for a U.S. national bank charter in March and has since received preliminary approval. A full charter would allow Revolut to deepen its lending operations and expand products such as credit cards and loans without relying as heavily on partner banks.
Revolut already secured its full UK banking license in 2026, another milestone covered in our banking expansion.