Revolut CEO Targets Wall Street IPO
Revolut CEO Nik Storonsky aims for U.S. IPO listing to boost liquidity and market reach.
In brief
Revolut CEO Nik Storonsky aims for U.S. IPO listing to boost liquidity and market reach. Revolut CEO Nik Storonsky targets a U.S. IPO listing for liquidity and market dominance, with plans for a dual London and New York stock market listing by 2028. Originally reported by Pymnts.
Revolut IPO Target
Revolut CEO Nik Storonsky wants the primary listing for an initial public offering to be in the United States.
“That was always the target, given the deep liquidity of the U.S. market”
Dual Listing Plan
Revolut plans a dual listing on the London Stock Exchange and Nasdaq for its U.S. and UK markets.
“So we have the choice between selling in a small market with few buyers, or in a gigantic market with a huge number of buyers who will compete fiercely for our shares”
2028 Timeline
Revolut aims to go public by 2028 after securing U.S. banking charter approval.
“Revolut wants to go public, but an IPO might not happen until at least 2028”
U.S. Banking Approval
Revolut received conditional approval for U.S. national bank charter from the Office of the Comptroller of the Currency.
What matters most
Revolut CEO Nik Storonsky targets a U.S. IPO listing for liquidity and market dominance, with plans for a dual London and New York stock market listing by 2028.
