Revolut aiming for up to $200bn valuation in 2028 listing - report

21st Apr 2026 15:04

(Sharecast News) - Revolut is reportedly aiming for a valuation of up to $200bn in a stock market listing.

According to the Financial Times, which cited investors briefed by the fintech on its plans for a flotation, the company has indicated that it will not seek a listing before 2028. However, it has discussed internally and with some of its backers a target valuation of $150bn to $200bn.

A person close to Revolut told the FT that no formal valuation target had been established. Revolut declined to comment.

Revolut founder Nik Storonsky said this week that Revolut would IPO in 2028 at the earliest, reiterating previous comments by the bank's UK boss, but indicated the bank's desire to publicly list its shares.

"We're a bank, and for a bank, it's super important to have trust. Public companies are trusted more compared to private companies," Storonsky said in a Bloomberg interview with David Rubenstein, chair of private equity group Carlyle.

Under a long-standing agreement Storonsky's stake in the business will increase by several percentage points if Revolut clinches a $150bn valuation. According to the FT, Storonsky explained in a Russian language interview in December that his incentive package would entitle him to hold about 40% of the company if it reached a $200bn valuation. That would value his stake at about $80bn.

In the shorter term, Revolut was said to be preparing for a fresh secondary share sale to allow its backers - which include venture capital firms Balderton Capital and Index Ventures - to cash out part of their stakes, which have soared in value as the company has grown.

People familiar with the matter told the FT that Revolut was laying the groundwork for a secondary share sale in the second half of the year, which they expected would value the company at more than $100bn.