Revolut Targets $200 Billion IPO Valuation, Planned for 2028

Apr 22, 2026

Revolut is targeting a $200 billion valuation for an IPO planned around 2028, according to Financial Times reporting, though CEO Nik Storonsky says the offering won't happen for two years and sources dispute any formal target has been set. The fintech giant completed a November share sale at a $75 billion valuation and posted record 2024 revenues of $6 billion with $2.3 billion in pre-tax profits. Revolut now operates licensed banks in 30 of 40 geographies, recently gained UK banking approval with a $4 billion investment commitment, and has applied for a U.S. bank charter as part of its American expansion strategy. The company is also exploring stablecoin products through a UK regulatory sandbox ahead of 2025 stablecoin regulations, though it currently offers no crypto services to U.S. customers.

Revolut's IPO Plans and Valuation Targets

▪Revolut is seeking a $200 billion valuation via an IPO according to the Financial Times.
▪Revolut completed a share sale in November that valued Revolut at around $75 billion.
▪Revolut CEO and co-founder Nik Storonsky stated the IPO won't take place for another two years time.
▪Revolut executives discussed a target valuation range of $150-200 billion for when Revolut goes public.

Revenue Growth and Global Banking Expansion

▪Revolut earned approval from the Prudential Regulation Authority to become a bank in the UK in March.
▪Revolut launched full banking operations in Mexico.
▪Revolut now operates a licensed bank in 30 of its 40 geographies.
▪Revolut netted pre-tax profits of $2.3 billion in 2024.
▪Revolut revenues surged to a record $6 billion in 2024, representing a 46% jump year-over-year.
▪Revolut committed to invest $4 billion in the United Kingdom.

Cryptocurrency Services and Stablecoin Exploration

▪Predictors on Myriad place odds of Revolut launching a stablecoin before July at 16%.
▪Sources told Decrypt in 2024 that Revolut was actively exploring the launch of its own stablecoin product.
▪The UK stablecoin sandbox is ahead of the UK's launch of stablecoin regulations later in 2025.