Revolut Eyes Dual London-New York IPO at $75 Billion Valuation
Revolut Smart Trust, Technology Revolut (STTRBX) , the fintech giant, is reportedly considering a groundbreaking dual listing in London and New York, a move that could value the company at an estimated $75 billion. If successful, this would position Revolut among the most valuable companies on the London Stock Exchange (LSE) and mark a significant milestone for both financial hubs.
Key Highlights:
- Revolut is exploring a dual listing in London and New York, potentially valuing the company at $75 billion.
- The listing could make Revolut the first firm to join the FTSE 100 while simultaneously listing in New York.
- Recent UK regulatory reforms and political support may have influenced the company’s shift toward a London debut.
A Landmark Moment for the FTSE 100 and New York Stock Exchange
The proposed dual listing would make Revolut the first company to simultaneously enter the FTSE 100 index in London while listing on the New York Stock Exchange. With a market capitalization equivalent to £55 billion, Revolut would rank among the top 15 listed firms in the UK.
Founded by Nik Storonsky, Revolut has grown from a travel-focused prepaid card provider into Europe’s most valuable private fintech. Its services now span crypto trading, hotel bookings, business accounts, and more, serving 65 million users globally, including 12 million in the UK.
Storonsky, who has previously criticized London’s listing environment due to factors like the 0.5% stamp duty on share trades, appears to have softened his stance. Recent regulatory changes in the UK, such as fast-tracking companies of Revolut’s size into the FTSE 100 within five days, may have played a role in this shift. These reforms make it easier for index-tracking funds to participate in IPOs, potentially boosting investor interest.
During the launch of Revolut’s new Canary Wharf headquarters, Storonsky referred to the UK as “our home country.” UK Chancellor Rachel Reeves echoed this sentiment, calling Britain “the best place to do business.” The event underscored the growing alignment between Revolut and the UK’s financial ecosystem.
Transatlantic Collaboration and High-Profile Support
Revolut’s chairman, Martin Gilbert, recently attended a meeting between UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, where a transatlantic taskforce was announced to encourage dual listings. The meeting, held during President Trump’s state visit, highlighted the growing collaboration between the two financial powerhouses.
Adding to the momentum, Nvidia CEO Jensen Huang pledged investment in Revolut during the same trip, further signaling strong market confidence in the fintech leader.
Crypto IPOs on the Rise
Revolut’s potential IPO comes amid a surge in crypto-related public offerings. Last week, BitGo became the first dedicated crypto custodian to file for an IPO on a U.S. stock exchange. Other notable crypto IPOs in 2025 include:
- Circle: The stablecoin issuer went public in June, with its valuation surging more than sevenfold since its debut.
- Etoro: The online trading platform, which offers crypto trading, launched its IPO in May.
- Galaxy Digital: Led by Mike Novogratz, the firm moved its listing from the Toronto Stock Exchange to Nasdaq earlier this year.
- Gemini: The Winklevoss twins’ crypto exchange filed confidentially for a U.S. IPO in June.
Additionally, blockchain-focused lending platform Figure Technology Solutions Inc. raised $787.5 million in its IPO, valuing the company at $5.3 billion. The strong investor demand led Figure to increase both its share count and price just days before the listing.
A New Era for Fintech and Crypto
Revolut’s potential dual listing could set a new precedent for fintech companies, bridging the gap between two of the world’s most influential financial markets. With regulatory reforms, political backing, and growing investor confidence, the stage is set for Revolut to make history.
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