Revolut is quietly eyeing a blockbuster IPO that could value the crypto-friendly fintech as high as $200 billion, the Financial Times reports.
Why it matters
- The London-based firm — Europe’s largest fintech and a popular platform for crypto trading — has discussed a potential $150–$200 billion valuation with investors, despite a November share sale that put the company at about $75 billion.
- Revolut has said it won’t seek a full public listing before 2028, but sources told the FT the company is already planning for a major market debut down the line.
Key milestones and figures
- November 2025: Secondary share sale valued the company at roughly $75 billion.
- 2026 (planned): Media reports say Revolut is preparing another secondary share sale in H2 2026, with expectations of a roughly $100 billion valuation after that round.
- Co-founder Nik Storonsky has said that if Revolut reached a $200 billion valuation, his stake would be worth about $80 billion.
- Financials: In 2025 Revolut’s pre-tax profit rose 57% to £1.7 billion ($2.3 billion), a slower pace than the previous year’s near-150% jump.
Regulatory push
- Revolut received a full U.K. banking licence in March and in the same month applied to the U.S. Office of the Comptroller of the Currency (OCC) for a banking licence. If approved, the move would allow Revolut to operate more like a traditional bank in the U.S. market — a development with obvious implications for its retail and crypto services.
Caveats
- A source close to the firm told the FT no formal IPO valuation has been decided.
- Revolut did not immediately respond to a request from CoinDesk for comment.
Bottom line: Revolut is positioning itself for a high-stakes public offering and broader banking capabilities that could expand its reach — including in crypto services — but concrete valuation and timing remain fluid.
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