Revolut Builds $200 Billion IPO Case on Record Profits

Revolut has told investors it is targeting a valuation of $150 billion to $200 billion for a future initial public offering (IPO), the Financial Times reported on Tuesday. The London-based fintech, which was valued at $75 billion in a secondary share sale last November, would not seek a stock market listing before 2028. No formal valuation target has been set, a source close to the company told the FT. Revolut Eyes Up to $200 Billion Valuation in Future IPO The companys financial performance supports the ambition. Revoluts pre-tax profit hit a record 1.7 billion ($2.3 billion) in 2025, a 57% increase from the prior year. Revenue climbed 46% to 4.5 billion as its retail customer base grew 30% to 68.3 million. Reports also indicate that Revolut is preparing for a secondary share sale in the second half of 2026. That transaction could value the company at around $100 billion, laying a stepping stone toward the IPO target. Co-founder Nik Storonsky said in December that his personal stake would be worth roughly $80 billion if the company reached a $200 billion valuation. Revolut is aiming for a $𝟮𝟬𝟬 𝗕𝗜𝗟𝗟𝗜𝗢𝗡 IPO valuation 🤯A move that could make its founder one of the worlds richest people..According to investors briefed by the FinTech on its plans, Revolut is reportedly aiming for a$150B$200B valuationin a future stock market Marcel van Oost (@oost_marcel) April 21, 2026 Banking Licenses Fuel Global Expansion Revolut received a full UK banking license from the Prudential Regulation Authority in March 2026, ending a years-long application process. The license allows the crypto-friendly fintech to offer lending, savings, and credit products to UK customers. The company also applied for a US banking license with the Office of the Comptroller of the Currency (OCC) in early March. If approved, Revolut would operate more like a traditional bank in the worlds largest economy. Can Revolut justify a $200 billion price tag? This may hinge on how quickly it converts new banking powers into lending revenue and grows its US footprint before any listing.