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Revolut targets a $200 billion IPO just months after its $75 billion share sale
The crypto-friendly fintech is planning its initial public offering (IPO) no sooner than 2028, according to an FT report.
Apr 21, 2026, 5:07 p.m.
What to know:
- Revolut has told investors it is targeting a valuation of up to $200 billion for a future initial public offering, according to the Financial Times.
- The company, valued at $75 billion in a 2025 share sale, is reportedly discussing an IPO valuation range of $150 billion to $200 billion and a 2026 secondary share sale that could lift its value to $100 billion.
- Revolut, which became Europe’s most valuable start-up and gained a full U.K. banking license in March, has applied for a U.S. banking license as its 2025 pre-tax profit rose 57% to £1.7 billion.
Revolut had discussed a potential valuation of $150 billion to $200 billion in a future initial public offering (IPO) with investors, according to the FT’s report, citing sources familiar with the matter.
Media reports have also said that Revolut, which received a full U.K. banking license in March, is preparing for a secondary share sale in the second half of 2026, with expectations of a $100 billion valuation post sale.
Co-founder Nik Storonsky said in December that his stake would be worth about $80 billion in the company if it reached a $200 billion valuation.
In 2025, Revolut’s pre-tax profit surged 57% to 1.7 billion pounds ($2.3 billion), a smaller gain than the previous year’s nearly 150% increase.
