Revolut is quietly eyeing a blockbuster IPO — one that could value the crypto-friendly fintech as high as $200 billion, the Financial Times reports.
The London-based app, already one of Europe’s biggest fintechs, reportedly told some investors it has discussed targeting a $150–$200 billion valuation for a future stock-market listing. That would be a dramatic jump from the roughly $75 billion valuation implied by a November share sale last year.
Key context and milestones
- Despite those investor conversations, Revolut previously said it would not pursue a public listing before 2028 and that it had not set formal valuation targets.
- Media reports also indicate Revolut is preparing a secondary share sale in the second half of 2026, with some expectations that the company could be valued around $100 billion after that transaction.
- Co-founder Nik Storonsky told investors in December that his personal stake would be worth about $80 billion if Revolut reached a $200 billion valuation.
Business momentum and regulatory moves
- Revolut posted a 57% jump in pre-tax profit in 2025, to £1.7 billion ($2.3 billion) — a strong gain, though smaller than the nearly 150% rise the year before.
- The firm received a full U.K. banking licence in March, and the same month applied to the U.S. Office of the Comptroller of the Currency (OCC) for a U.S. banking licence. An OCC approval would let Revolut operate more like a traditional bank in the world’s largest economy — an important step for its global ambitions and for how it serves crypto and broader retail customers.
Caveats
- Sources told the FT that discussions around a $150–$200 billion IPO valuation have taken place, but a person close to Revolut said no formal valuation has been decided.
- Revolut did not immediately respond to a request for comment from CoinDesk.
Why it matters for crypto
- Revolut has positioned itself as crypto-friendly, offering retail crypto trading and related services to millions of users. A major IPO — and expanded banking permissions in the U.S. — would bolster its capital base and could accelerate product rollouts and regulatory engagement in crypto markets, potentially shaping retail access and institutional partnerships.
Bottom line: Revolut is mapping out ambitious growth and fundraising plans that, if realized, would place it among the most valuable fintech listings globally. For crypto markets, a larger, better-capitalized Revolut could mean wider retail distribution and intensified competition in crypto services — but formal valuation and timing remain unresolved.
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