Revolut is considering a dual listing in London and on Nasdaq

Revolut founder and CEO Nikolay Storonsky said in an interview with the French newspaper Les Echos that the company is exploring a dual listing in London and on Nasdaq. Revolut had not previously confirmed such plans. According to Storonsky, the U.S. has priority: the American market is larger, and institutional investors, hedge funds, and retail buyers will compete for the shares. He also said that Revolut could go public no earlier than 2028.

Storonsky has also been skeptical about London before. In December 2024, he called a listing in the UK irrational, pointing to the lower liquidity of the British market and stamp duty — a 0.5% tax on stock transactions. According to the Financial Times, British ministers have long been urging Revolut to list in London because the country has struggled to attract new IPOs in recent years.

In July, Revolut was valued at $115 billion in a share sale to employees. At that valuation, the company would become one of the largest public companies in the UK and would be worth more than Barclays, BP, and GSK. Revolut has about 80 million customers in roughly 30 countries.

The company applied for a British banking license in 2021, and only received full approval in March 2026: regulators had doubts about the reliability of its control and risk management systems. Recently, fraudsters posing as the Italian police tricked the bank into handing over the data of 680 crypto investors.

Sources

• Material: thebell.io