Revolut Considers Dual IPO in London and New York Valued at $75 Billion

Highlights:

• Revolut is considering a dual IPO in London and New York to expand its global presence.
• The new UK rules allow large companies to enter the FTSE 100 in just a few days after application.
• Crypto and fintech IPOs are gaining momentum, and Revolut’s potential listing could benefit from the trend.

Revolut is considering a dual listing on the London Stock Exchange and the New York Stock Exchange. According to sources quoted by The Sunday Times, the chances of this dual IPO are now a popular topic of discussion among financial circles. Provided the move is made, Revolut would be worth approximately $75 billion, and it would rank among the top 15 companies by market capitalization on the London Stock Exchange.

Revolut is exploring a dual listing in London and New York, targeting a $75B valuation, per The Sunday Times. If it happens, it'd be the first to enter FTSE 100 while listing in NY. Serves 65M users, including 12M in UK. #Fintech #IPO

— Vincent Bu Lu (@VincentBuLu1) September 29, 2025

The fintech company was started by Nik Storonsky, and it was initially a prepaid card that specialized in travel. As it grew, it added stock and crypto trading, business accounts, and hotel bookings to its services. Revolut has 65 million users globally, with 12 million being in the United Kingdom today. Analysts argue that this large number of users could increase the confidence of investors in the event that the duo listing indeed occurs.

Storonsky had earlier criticized the listing environment in the UK because of the 0.5% stamp duty on trades in shares. However, it appears that his opinion was influenced by new regulations that allow large corporations to enter the FTSE 100 within only five days. In its latest growth, the company has added a new headquarters in Canary Wharf, London.

Revolut Considers Dual IPO Amid UK Listing Reforms

Revolut is looking at dual IPO options because recent UK listing reforms make it more viable. It has allowed companies to be included in the FTSE 100 within five days of listing. This reform gives index-tracking funds the chance to take part in the first public issue right away, raising the number of shares demanded. This is a strong motivator for major fintech companies in the eyes of investors.

According to market analysts, an entry into the FTSE 100 may increase liquidity and draw institutional funds. Stamp duty worries that Storonsky had previously expressed seem to have calmed. Since its launch, Revolut has already raised $3.77 billion.

The company previously aimed to achieve a valuation of $65 billion and reach a target of $1 billion, which reflects the enthusiasm shown by investors in its growth potential. The two IPOs would be among the rare occasions where a firm joins both the FTSE 100 and the New York Stock Exchange at the same time.

Crypto Initial Offerings Gain Momentum

The broader market is experiencing a new crypto and fintech IPO rebound this year. BitGo recently filed an initial public offering to list under the ticker “BTGO.” Circle, which is a stablecoin issuer, saw its stock go up more than seven times since its June IPO.

🚀 BREAKING: Major crypto custody firm BitGo has officially filed for an IPO! This comes as institutional demand for digital asset services continues to surge. With billions in assets under custody, BitGo's public debut could be a massive milestone for crypto infrastructure 💼✨

— blockrise.crypto (@Block_Rise) September 20, 2025

Other notable listings include eToro, which debuted in May, and Galaxy Digital, which moved from Toronto to Nasdaq. Gemini, founded by the Winklevoss twins, filed confidentially for a US IPO in June. Figure Technology Solutions raised $787.5 million in its IPO. The company sold 31.5 million shares at $25 each, valuing the company at approximately $5.3 billion.