British neobank Revolut appears to be aiming for a huge valuation when it eventually goes public. The company is targeting a market capitalization of $150 billion to $200 billion in its initial public offering, the Financial Times reported Tuesday, citing anonymous investor sources.
The fintech giant, which received a full banking license in the UK in March after years of waiting, recently became one of Europe’s most valuable private technology companies, with a secondary share sale valuing it at $75 billion, up from $45 billion in 2024.
According to Bloomberg, Revolut co-founder and CEO Nick Stronsky said last week that the company’s IPO is at least “two years away.”
The company is working on another secondary stock sale, scheduled for the second half of 2026, that could be worth more than $100 billion, according to PitchBook and the Financial Times.
As of November 2025, the company has raised a total of $5.89 billion, according to PitchBook. Revolut reported revenue of $6 billion in the fiscal year ended December 31, 2025, up from $4 billion in 2024. The company’s net income increased to $1.7 billion from $1.0 billion in 2024, and it had 68.3 million retail customers at the end of 2025.
Revolt declined to comment.
Founded in 2015, Revolut offers a wide range of services across multi-currency accounts, payment and remittance services, crypto products, insurance and more. The neobank is pouring truckloads of cash into expanding its business internationally and recently applied for a banking license in the United States.
In addition to the UK, Revolut holds a banking license in the European Union and has operations in Australia, Japan, New Zealand, Singapore, Brazil and the US. Revolut started operations in India last October, is planning to open in Colombia this year, and has obtained a banking license in Mexico.
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