Revolut CEO wants US primary listing if it goes public, Bloomberg News reports

CEO Nik Storonsky of digital bank Revolut indicated on Thursday that the company would prefer a primary listing in the United States if it decides to pursue an initial public offering in the future. Storonsky, the founder of Revolut, expressed his company's ambition to dominate the US market and plans to introduce credit cards and loans once it obtains a full banking charter.

Revolut received preliminary approval for a national banking license in the United States in September, following licenses in Britain and France earlier in the year. The bank has emerged as Europe's most valuable startup, having experienced rapid growth since its launch nearly a decade ago as a fintech offering cheaper foreign exchange fees.

Privately valued at $115 billion, Revolut now surpasses Britain's Barclays and France's Societe Generale in terms of valuation. The company's CEO has previously mentioned a potential dual stock market listing in New York and London. However, any eventual listing is still expected to be at least a year away, with speculation suggesting a timeframe of 2028, contingent on market conditions.