The fintech firm Revolut is reportedly contemplating an Initial Public Offering (IPO), with sources familiar with the company’s intentions suggesting a potential valuation target ranging from $150 to $200 billion, according to the Financial Times citing investors.
These sources indicate that the company is internally discussing valuation benchmarks within this bracket, though no official floor price has been finalized. Representatives for Revolut declined to provide comment to the publication.
Established in 2015 and operating without traditional physical branches, Revolut stands as one of Europe’s most significant fintech enterprises.
The company secured its license from the Bank of Lithuania in 2018. It later obtained a restricted banking license in the UK in 2024, with a full license anticipated by early 2026.
As pointed out by the FT, reaching a valuation of $150–$200 billion could significantly enhance the founder’s stake under a long-term incentive plan. Revolut is also preparing for a secondary share sale, which might value the business upwards of $100 billion and allow certain investors to divest some of their holdings.
The London-based fintech firm intends to go public no sooner than 2028, as previously stated by its founder, Nikolay Storonsky. In April, following a four-year approval period, the company was granted its full UK banking authorization.
Prior to the IPO, the company intends to conduct secondary share placements, typically organized every one to two years to provide liquidity for investors and staff. The most recent such placement in November valued Revolut at $75 billion, a substantial increase from $45 billion the previous year.
The fintech, founded in 2015, saw its profit before taxes jump by 57% last year, reaching £1.7 billion, on revenues of £4.5 billion.
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