Revolut Considers $75B Dual IPO in London and New York
- Revolut is considering a dual IPO listing in London and New York, according to the Sunday Times.
- This would be the first simultaneous listing on New York and London's FTSE 100, potentially boosting London's financial standing.
- The firm is valued at approximately $75 billion, with 65 million users globally, including 12 million in the UK.
- Initially a travel-focused card provider, Revolut has expanded into stock and crypto trading, hotel bookings, and business accounts.
- Since its inception, Revolut has raised $3.77 billion, with earlier plans to raise $1 billion at a $65 billion valuation.
- CEO Nik Storonsky previously opposed a London listing due to stamp duty but may reconsider following new rules for quicker FTSE 100 entry.
- Storonsky referred to the UK as Revolut’s "home country" during the opening of its new London headquarters.
- No official comment was made by Revolut regarding the potential IPO.
