Revolut weighs dual listing in New York and London for its long-awaited IPO
Revolut is considering listing simultaneously in New York and London when it eventually goes public, its founder has stated, a plan that would keep the fintech partly at home while giving it access to the deeper American market it has long preferred.
Revolut, Britain's most valuable private company, is considering listing its shares on both the London Stock Exchange and the Nasdaq in a dual listing, according to founder and CEO Nik Storonsky. The announcement comes after earlier media reports and confirms the company's intention to appeal to a wider investor base in the US, which Storonsky believes offers more opportunities.
Storonsky explained that the US market includes institutional investors, hedge funds, fund managers, and individual investors, providing a larger pool to choose from compared to the UK market. This shift from previous statements highlights a more favorable outlook on the US market. Despite the company's high valuation, a potential IPO would make Revolut one of Britain's largest listed companies, possibly worth over Barclays or NatWest.
The IPO timeline remains uncertain, but Revolut has made significant progress in securing the necessary regulatory approvals, including obtaining a UK banking licence and applying for a Swiss licence.
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