Revolut plans to go public with a valuation of $200 billion

BlockBeats message, April 22, according to the Financial Times. When Revolut went public, its target valuation reached as high as $200 billion, according to its major listing plan disclosed to investors. This valuation would put its founders among the world’s richest people. The London-headquartered fintech group received a full UK banking license last month after waiting four years, and said it would not seek to go public before 2028. Investors and people familiar with the matter told the Financial Times that company executives have discussed internally and with some supporters a target valuation of $150 billion to $200 billion. A person close to the company said that an official valuation target has not yet been set. Revolut declined to comment.

Revolut founder Nik Storonsky said this week that the company’s IPO would be earliest in 2028. Under a long-term agreement, if Revolut reaches a $150 billion valuation, Storonsky’s stake in the company will increase by several percentage points; he explained in a Russian-language interview last December that if the company’s valuation reaches $200 billion, his incentive plan would give him about 40% of the shares, worth about $80 billion.

Revolut’s latest funding round in November last year valued the company at $75 billion, up from $45 billion in 2024. New investors include chipmaker Nvidia. In the short term, Revolut is preparing for a new round of secondary market share sales, allowing backers such as Balderton Capital and Index Ventures to cash out part of their equity. It is expected to take place in the second half of this year, when the company’s valuation is expected to exceed $100 billion. Revolut’s pre-tax profit rose 57% to £1.7 billion last year, and revenue was £4.5 billion. The company applied for a US banking license last month.