Revolut Explores $75B Dual Listing in London and New York

Revolut, one of Europe's most valuable fintech startups, is considering a dual listing in London and New York for its highly anticipated IPO. The move could mark a historic moment for the U.K.'s financial sector, as it WOULD be the first time a company simultaneously joins the FTSE 100 and lists in New York.

The London-based firm, valued at approximately $75 billion, has grown from a travel-focused prepaid card provider to a diversified financial platform offering stock and crypto trading, among other services. With 65 million global users, including 12 million in the U.K., Revolut's IPO could serve as a litmus test for investor confidence in both markets.

CEO Nik Storonsky had previously dismissed London due to the U.K.'s 0.5% stamp duty on share trading, but recent regulatory changes—allowing faster FTSE 100 inclusion—appear to have softened his stance. The company's pivot toward a potential London listing signals a strategic shift, with Storonsky now referring to the U.K. as Revolut's "home country."