UK-based digital banking company Revolut is considering a dual stock-market listing in New York and London when it eventually goes public, as the fintech prepares for what could become one of Europe's biggest technology IPOs.

Founder and CEO Nik Storonsky confirmed that the company is evaluating listings on both the London Stock Exchange and Nasdaq, saying the U.S. market is particularly attractive because of Revolut's growing investor base. The company is currently targeting an IPO around 2028, although the timing remains subject to market conditions.

New York Offers Access to a Larger Investor Base

Storonsky said the U.S. market has become increasingly attractive for Revolut because a significant portion of the company's potential investor base is based in America.

A Nasdaq listing could give Revolut access to a deeper pool of technology-focused investors and potentially greater visibility among global financial institutions. The company is therefore considering a structure that would allow its shares to trade in both New York and London.

The decision also comes as several British companies have increasingly considered U.S. markets because of concerns about London's ability to attract large technology listings.

London Remains Important to Revolut

Despite the interest in New York, Revolut has not turned away from London.

The company was founded in London in 2015 and remains headquartered in the UK. A dual listing would allow Revolut to maintain a presence in its home market while also gaining access to America's deeper capital markets.

For the London market, a successful Revolut listing could also be significant because the company has become one of Europe's largest private financial-technology businesses.

Revolut's Valuation Has Continued to Rise

Investor interest in Revolut has pushed its valuation sharply higher.

A secondary share sale in July 2026 valued the company at around $115 billion, according to a person familiar with the transaction cited by Reuters. That was substantially above its previous $75 billion valuation.

The higher valuation reflects the company's rapid customer growth and expanding banking operations across multiple markets.

Revolut now serves more than 80 million customers globally, according to the company and Reuters reporting.

Revolut Expands Its Banking Operations

The potential IPO comes as Revolut is transforming from a digital payments app into a broader global banking business.

The company recently received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a U.S. national bank. Revolut said it is still working through approvals with the FDIC and Federal Reserve, with the proposed U.S. bank targeted for launch in 2027.

Revolut also launched its fully licensed UK bank earlier this year and has expanded banking operations in markets including Mexico and Australia.

Aiming to Become a Global Bank

Storonsky has described a long-term ambition to turn Revolut into a genuinely global bank.

The company operates across around 40 markets and has said it wants to expand into many more countries. Its strategy includes growing corporate banking, payments, savings, investing and lending services alongside its traditional foreign-exchange and card businesses.

The expansion is changing the financial profile of the company. Revolut historically relied heavily on fee-based services, but it is increasingly building revenue from more traditional banking activities.

IPO Timing Still Remains Flexible

Although Revolut has discussed going public for years, Storonsky has not committed to an immediate listing.

The company is currently looking toward 2028 for an IPO, giving it additional time to expand its customer base, strengthen its banking operations and demonstrate continued profitability.

The eventual timing will depend on market conditions, investor demand and Revolut's own business priorities.

A listing at the company's latest private valuation would already make Revolut one of the most valuable financial-technology companies in the world.

London Faces a Major IPO Test

The potential dual listing also has implications beyond Revolut.

London has been trying to attract more high-growth technology companies to its public markets, while some British businesses have increasingly looked to the United States for deeper pools of capital and higher technology-sector valuations.

Revolut choosing both exchanges could provide a compromise, giving the fintech access to U.S. investors while maintaining its connection to the London market.

A Major Test for Revolut

For Revolut, the IPO will eventually become a test of whether its rapid expansion can translate into the scale, profitability and regulatory strength expected of a global bank.

The company is already expanding its banking licenses, entering new markets and building a much larger customer base. Its potential dual listing would be the next major step in that transformation.

For now, however, Revolut remains private. With an IPO potentially targeted for 2028, the company has time to decide whether its future belongs primarily in London, New York, or both.

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