Revolut Eyes Dual London-New York IPO at $75B Valuation: Report

Core Insights - Revolut is exploring a dual listing in London and New York, potentially valuing the company at around $75 billion, which would position it among the most valuable companies on the London Stock Exchange [1][7] - If successful, Revolut would become the first company to simultaneously join the FTSE 100 index in London while listing in New York, with a market cap equivalent to £55 billion, ranking it among the top 15 listed firms in the UK [2][7] Company Background - Founded by Nik Storonsky, Revolut has transformed from a travel-focused prepaid card provider into Europe's most valuable private fintech, offering services such as crypto trading, hotel bookings, and business accounts, serving 65 million users globally, including 12 million in the UK [3] - Despite previous criticisms of London's listing environment, Storonsky has shown openness to a UK listing if conditions improve [3] Regulatory Environment - Recent regulatory changes allow companies like Revolut to be fast-tracked into the FTSE 100 within five days, facilitating index-tracking fund participation in IPOs [4] - Political support has been evident, with UK Chancellor Rachel Reeves promoting Britain as "the best place to do business" during the launch of Revolut's new headquarters [4] Industry Context - The momentum for crypto-related public offerings is increasing, as seen with BitGo's recent IPO filing, indicating a growing interest in digital asset companies going public [6]