Revolut has reportedly explored the possibility of an initial public offering (IPO) that could lead to a dual listing in both London and New York, with an estimated valuation around $75 billion. Should this IPO materialize, it would represent one of the largest listings on the London Stock Exchange and place Revolut among the UK’s top 15 publicly traded companies. According to sources cited by Yahoo Finance, discussions about a dual listing are gaining traction within financial circles.
Regulatory Changes and Market Conditions
Recent modifications to UK listing rules have made London an increasingly attractive destination for large-scale companies like Revolut. These changes enable firms of Revolut’s size to enter the FTSE 100 within five business days, thereby simplifying participation in index funds with newly listed stocks. Previously, Revolut officials highlighted challenges associated with London’s regulatory environment, including a 0.5% stamp duty on share trades; however, they now acknowledge that the UK remains their primary market.
Revolut currently caters to around 65 million customers worldwide, approximately 12 million of whom are based in the UK. Since its inception as a travel-focused card, the company has expanded its services to include cryptocurrency trading, hotel bookings, and business accounts.
Government Support for High-Profile Listings
UK government officials have shown strong support for high-profile IPOs. At the opening of Revolut’s new Canary Wharf office, political leaders underscored Britain’s competitive environment for doing business. Meetings between Revolut’s leadership and representatives from both UK and US governments reflect increasing interest in cross-border listings.
The company’s plans coincide with broader momentum in cryptocurrency IPOs within the sector. Other digital asset firms are also pushing forward with their own listings; BitGo recently filed for an IPO in the United States, while Circle and eToro have already gone public. In addition, Figure Technology Solutions raised nearly $800 million through a New York listing. Gemini has submitted confidential paperwork for a potential US debut, and Galaxy Digital moved its listing from Toronto to Nasdaq.
