Revolut Weighs $75B Dual Listing in London and New York: Sunday Times

The determination could beryllium a ballot of assurance for London's fiscal center, and would marque Revolut the archetypal institution to simultaneously database successful New York and participate the FTSE 100.

Sep 29, 2025, 9:22 a.m.

One of Europe’s astir invaluable startups, Revolut, is exploring a dual listing successful London and New York for its blockbuster archetypal nationalist offering (IPO), the Sunday Times reported, citing a "senior City source."

If it were to proceed, the determination could people the archetypal clip a institution simultaneously lists successful New York and joins London’s benchmark FTSE 100, perchance giving the U.K.’s fiscal halfway a much-needed ballot of confidence, the paper said.

The London-based steadfast is said to beryllium valued astatine astir $75 cardinal and has amassed 65 cardinal users globally, including 12 cardinal successful the U.K. It began arsenic a travel-focused prepaid paper and has since expanded into banal and crypto trading, edifice bookings, and concern accounts.

Data from TheTie shows that the steadfast has raised $3.77 cardinal since its launch. The institution was reportedly looking to raise $1 cardinal astatine a $65 cardinal valuation earlier this year.

CEO Nik Storonsky has pushed for an IPO to let aboriginal investors to exit, and had antecedently dismissed London arsenic a venue owed to the U.K.'s 0.5% tax, known arsenic stamp duty, connected stock trading.

Storonsky's stance appears to beryllium softening. New rules introduced this period let ample firms to participate the FTSE 100 wrong conscionable 5 days of listing, a alteration that could unlock large request from index-tracking funds and boost liquidity.

Storonsky called the U.K. Revolut’s “home country” astatine the opening of its caller office successful London past week, an lawsuit besides attended by Chancellor Rachel Reeves and Revolut Chairman Martin Gilbert, the Sunday Times said.

The institution did not remark to the newspaper.

Maple Finance to Tie Into Elwood to Bring Institutional Credit Strategies On-Chain

Collaboration aims to streamline integer plus recognition markets for banks and plus managers.