British neobank Revolut appears to be eyeing a significant valuation boost when it finally goes public. The company aims for a market capitalization of between $150 billion and $200 billion in an initial public offering, the Financial Times was mentioned on Tuesday, citing unnamed investor sources.
The fintech giant, which secured a full UK banking license in March after years of waiting, was recently valued at $75 billion, up from $45 billion in 2024, in a secondary share sale that made it one of Europe’s most valuable private technology companies.
Revolut co-founder and CEO Nik Storonsky said last week that the company’s IPO was at least “two years away,” according to Bloomberg.
According to PitchBook and the Financial Times, the company is working on another secondary share sale, planned for the second half of 2026, which would value it at more than $100 billion.
As of November 2025, the company had raised a total of $5.89 billion, according to PitchBook. Revolut was mentioned revenue of $6 billion in the fiscal year ending Dec. 31, 2025, up from $4 billion in 2024. The company’s net income rose to $1.7 billion, up from $1 billion in 2024, and it had 68.3 million retail customers at the end of 2025.
Revolut declined to comment.
Founded in 2015, Revolut offers a range of services covering multi-currency accounts, payment and transfer services, crypto products, insurance and more. neobank is pouring truckloads of cash to expand its operations internationally and recently applied for banking license in the United States.
In addition to the UK, Revolut has a banking license in the European Union and operates in Australia, Japan, New Zealand, Singapore, Brazil and the US Revolut started operations in India last October, is set to start operations in Colombia this year and has received a banking license in Mexico.
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