From MoneyWeek · · 1m
Revolut IPO Could Be London's Last Chance
Revolut's potential London listing might be the City's final opportunity to regain global relevance.
In brief
Revolut's potential London listing might be the City's final opportunity to regain global relevance. London needs Revolut's IPO to prove its market viability amid declining IPO activity. Originally reported by MoneyWeek.
London's Decline
London has fewer IPOs than Malaysia or Oman, with only seven new listings raising under £600 million this year.
Revolut's Shift
Revolut confirmed a dual listing between New York and London after previously dismissing London as 'not rational' in 2024.
“not rational”
Revolut's Strength
Revolut has 75 million customers, $6 billion revenue, and $2 billion profits, valued at $115 billion with a tech-driven banking model.
Stamp Duty Relief
The chancellor suspended stamp duty for Revolut's IPO and first three years of trading to boost liquidity and attract investors.
Tax Incentives
Proposed capital gains tax exemptions and ISA allowances could attract long-term investors and stabilize London's market.
London's Last Chance
A successful Revolut IPO could prove London's market viability as the City faces declining IPO activity and global competition.
The one thing
London needs Revolut's IPO to prove its market viability amid declining IPO activity.
