Revolut favors New York over London for potential future IPO listing

  • Nik Storonsky said Revolut would favor New York for a future primary IPO listing.
  • Revolut reached a $115 billion valuation through a July secondary share sale.
  • Revolut applied for a U.S. national bank charter and received preliminary approval.

Revolut Chief Executive Nik Storonsky said the digital bank would favor New York over London as the primary venue for a future initial public offering if it decides to go public. The company wants to "dominate" the United States and plans to launch products including credit cards and loans after securing a full U.S. banking charter. Management has indicated that a public debut remains at least a year away. Revolut's valuation rose to $115 billion in a July secondary share sale, up from $75 billion in an earlier transaction, with shares priced at $2,017 and proceeds providing liquidity to existing shareholders rather than raising new capital. The company reported $6 billion in 2025 revenue, up 46%, while profit before tax rose 57% to $2.3 billion. Customer balances increased 66% to $67.5 billion, and Revolut ended the year with 68.3 million retail customers; it now says more than 80 million people use the platform globally. Revolut applied for a U.S. national bank charter in March and received preliminary approval, while it secured a full UK banking license in 2026. Investor interest has included a reported link between Nvidia's venture arm and a roughly $196 million Revolut stake.

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