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Revolut Weighs $75B Dual Listing in London and New York: Sunday Times
Yahoo Financeยท 2025-09-29 09:22
Core Insights - Revolut, one of Europe's most valuable startups, is considering a dual listing in London and New York for its initial public offering (IPO), which could be a significant event for both markets [1] - The company is currently valued at approximately $75 billion and has a global user base of 65 million, with 12 million users in the U.K. [2] - CEO Nik Storonsky has previously been hesitant about a London listing due to the 0.5% stamp duty on share trading, but recent regulatory changes may influence this decision [3] Company Overview - Revolut started as a travel-focused prepaid card and has diversified into stock and crypto trading, hotel bookings, and business accounts [2] - The firm has raised a total of $3.77 billion since its inception and was aiming to raise $1 billion at a $65 billion valuation earlier this year [2] Regulatory Environment - New rules introduced this month allow large firms to enter the FTSE 100 within just five days of listing, potentially increasing demand from index-tracking funds and enhancing liquidity [3] - The recent opening of Revolut's new headquarters in London was attended by notable figures, indicating the company's commitment to the U.K. market [4]