British crypto-friendly fintech firm Revolut told investors it was targeting a valuation of up to $200 billion in its initial public offering, the Financial Times» reported on Tuesday.
Europe’s biggest fintech firm recently said it would not seek an IPO until 2028 and had set no formal valuation targets after a share sale last November that valued the company at $75 billion.
Revolut had discussed a potential valuation of $150 billion to $200 billion in a future initial public offering (IPO) with investors, according to the FT’s report, citing sources familiar with the matter.
Media reports have also said that Revolut, which received a full UK banking license in March, is preparing for a secondary share sale in the second half of 2026, with expectations of a $100 billion valuation after the sale.
Co-founder Nik Storonsky said in December that his stake would be worth about $80 billion in the company if it reached a $200 billion valuation.
In 2025, Revolut’s pre-tax profit rose 57% to £1.7 billion ($2.3 billion), a smaller gain than the previous year’s nearly 150% rise.
In March, Revolut also applied for a banking license with the Office of the Comptroller of the Currency (OCC), which, if approved, would allow the London-based fintech to operate more like a traditional bank in the world’s largest economy.
While Revolut is aiming for a record IPO, a source close to the fintech said no formal valuation has yet been decided, according to the FT.
Revolut did not immediately respond to a CoinDesk request for confirmation.
