Revolut plans dual IPO

CEO Nik Storonsky confirmed the neobank is considering simultaneous listings on Nasdaq and the London Stock Exchange, with a target date of 2028 or later.

“It's a larger market. It includes institutional investors, hedge funds, fund managers and a considerable number of individual investors.”

U.S. market offers bigger opportunity

Storonsky said the U.S. provides more liquidity and a larger investor pool than London, with institutional investors, hedge funds, and individual investors competing for shares.

“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.”

Revolut valued at $115 billion

At its current valuation, Revolut would become one of England's biggest public companies if listed in London, with a market cap exceeding BP and Barclays.

Global expansion accelerating

Revolut recently secured banking licenses in Colombia, the U.K., France, Australia, Lithuania, and Mexico, plus conditional approval for a U.S. national bank charter.

Cybersecurity breach complicates timeline

Hackers recently posed as law enforcement to access customer data and demanded $3 million in cryptocurrency, highlighting emerging security risks for financial institutions.