British digital bank Revolut appears to be aiming for a significant increase in its valuation as it prepares for a public listing. According to the Financial Times, the fintech firm is targeting a market capitalization ranging from $150 billion to $200 billion during its initial public offering, as reported on Tuesday by anonymous investor sources.
The financial technology company, which obtained a full banking license in the United Kingdom in March after a prolonged waiting period, was most recently valued at $75 billion, a rise from $45 billion in 2024, following a secondary share sale that positioned it among Europe’s most valuable private tech firms.
Revolut’s co-founder and CEO, Nik Storonsky, indicated last week that the company’s IPO is still at least “two years away,” according to Bloomberg.
According to Pitchbook and the Financial Times, the company is preparing for another secondary share sale, set for the second half of 2026, which would value it at over $100 billion.
As of November 2025, the company had raised a total of $5.89 billion, according to PitchBook. Revolut reported revenue of $6 billion in the financial year ended December 31, 2025, up from $4 billion in 2024. The company’s net profit grew to $1.7 billion, up from $1 billion in 2024, and counted 68.3 million retail customers at the end of 2025.
Revolut declined to comment.
Founded in 2015, Revolut offers a range of services spanning multi-currency accounts, payment and transfer services, crypto products, insurance, and more. The neobank has been pouring truckloads of cash into expanding its operations internationally, and recently applied for a banking license in the United States.
Besides the U.K., Revolut has a banking license in the European Union, and it operates in Australia, Japan, New Zealand, Singapore, Brazil, and the U.S. Revolut launched operations in India last October, is about to start operating in Colombia this year, and has received a banking license in Mexico.
Topics