The British financial technology company Revolut aims to reach a $200 billion valuation ahead of its stock market listing, which is not expected before 2028. An operation of this size would transform the largest shareholder – and co-founder – Nik Storonsky into one of the richest men in the world. Even today, however, Revolut is the most valuable startup on the continent, with a valuation of $75 billion.
WHAT WE KNOW ABOUT REVOLUT’S IPO PLANS
According to sources from the Financial Times, Revolut executives have discussed, both internally and with some investors, a valuation target between $150 and $200 billion; however, this would not be a formal target.
In recent days, co-founder Storonsky reiterated that Revolut’s initial public offering, or IPO, will not take place before 2028, but he also emphasized the importance of the stock market listing to strengthen trust in the company. “We are a bank, and for a bank it is super important to receive trust,” he said during an interview with Bloomberg. “Public companies enjoy greater trust than private ones.”
HOW MUCH WILL STORONSKY EARN?
If Revolut were to actually reach a valuation of at least $150 billion, Storonsky would trigger an incentive mechanism that would increase his stake in the company by several percentage points. If Revolut reached a valuation of $200 billion, Storonsky could hold about 40 percent of the capital, with an estimated value of around $80 billion.
Storonsky, who was born in Russia but renounced his citizenship after the invasion of Ukraine: lives in the United Arab Emirates; he previously resided in the United Kingdom. Mubadala, the sovereign wealth fund of Abu Dhabi, owns a stake in Revolut.
REVOLUT AIMS, IN THE SHORT TERM, FOR A VALUATION OF $100 BILLION
With the latest funding round last November – which also involved Nvidia, the world’s largest processor company – Revolut reached a valuation of $75 billion; in 2024 it was $45 billion. It seems the company is preparing a new secondary share sale that will allow its financiers – including the European venture capital funds Balderton Capital and Index Ventures – to monetize part of their holdings: the operation should take place in the second half of 2026 and should allow Revolut to reach a valuation of $100 billion.
HOW REVOLUT IS DOING (AND WHAT IT DOES)
Founded in 2015 in London, Revolut is the largest fintech in Europe and, as mentioned, the most valuable startup on the continent. It is a digital bank, without physical branches, offering current and savings accounts, international money transfers, investments in stocks and bonds, cryptocurrency trading, and a range of features for utility payments and wealth management. Recently it obtained a banking license in the United Kingdom and last month applied in the United States.
In 2025 Revolut recorded a 57 percent growth in pre-tax profit, rising to £1.7 billion on £4.5 billion in revenue. In 2026 the company aims to reach five million customers in Italy.
