Revolut plans dual listing in New York and London and aims for hundreds of millions of customers
Storonsky states that the neobank has a higher return on capital than traditional institutions, but acknowledges that its profitability per customer is lower.
Revolut's CEO and co-founder, Nik Storonsky, has stated that the neobank is currently planning a dual listing on the London Stock Exchange and Nasdaq in New York. This announcement comes after speculation about a potential listing in the US or London. Revolut, which is headquartered in the UK, has 680 clients' data at risk after hackers demanded $3 million to not leak the information.
Storonsky expressed his preference for the US market, citing its large number of potential buyers, and mentioned that a final decision on the dual listing has not been made. The company's valuation reached $115 billion in its last private sale of shares.
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