British cryptocurrency-friendly financial technology company Revolut notified investors that it is targeting a valuation of up to $200 billion for its stock listing, the Financial Times reported on Tuesday.
Europe’s largest fintech company recently said it would not seek a listing before 2028 and has yet to set any formal valuation target following a stock sale last November that valued the company at $75 billion.
Revolut has discussed a potential future initial public offering (IPO) with investors at a valuation of $150 billion to $200 billion, the Financial Times reported, citing people familiar with the matter.
Media reports also stated that Revolut obtained a British banking license in March and is preparing for a secondary share sale in the second half of 2026, which is expected to be valued at US$100 billion after the sale.
Co-founder Nik Storonsky said in December that if the company were valued at $200 billion, his stake would be worth about $80 billion.
Revolut’s pre-tax profits soared 57% to 1.7 billion pounds ($2.3 billion) in 2025, down from nearly 150% growth the previous year.
In March this year, Revolut also applied for a banking license from the Office of the Comptroller of the Currency (OCC), which if approved would allow the London-based fintech company to operate like a traditional bank in the world’s largest economy.
While Revolut is targeting a record-breaking IPO, a source close to the fintech said a formal valuation has yet to be determined, the Financial Times reported.
Revolut did not immediately respond to CoinDesk’s request for confirmation.
