Revolut favors US primary listing for potential IPO, CEO says

Revolut CEO Nik Storonsky stated on Thursday that the digital bank would favor a primary listing in the United States for its potential initial public offering (IPO). Storonsky, who founded Revolut, expressed the company's ambition to dominate the US market and plans to introduce credit cards and loans once it obtains a full banking charter.

The bank received preliminary approval for a national banking license in the US in September, following licenses in Britain and France earlier this year. Revolut has rapidly grown to become Europe's most valuable startup, privately valued at $115 billion, surpassing Britain's Barclays and France's Societe Generale in valuation. The company's CEO previously mentioned the possibility of a dual stock market listing in New York and London.

However, an eventual listing is still anticipated to be at least a year away, potentially in 2028, depending on market conditions.