London-based FinTech giant Revolut is reportedly setting its sights on a staggering $200 billion valuation for its anticipated initial public offering (IPO). This ambitious target was revealed in a report by the Financial Times, which cited investors who have been briefed on the U.K. company’s plans for a public listing.
The report surfaces just a day after Revolut founder and CEO Nik Storonsky indicated in a Bloomberg interview that the company’s IPO was unlikely to occur before 2028. Storonsky emphasized the importance of trust in the banking sector, stating, “Public companies are trusted more compared to private companies.” He suggested a timeline of “Two years away” for the IPO.
However, internal discussions among investors and company personnel, as reported by the FT, have explored a valuation range of $150 billion to $200 billion. The higher end of this spectrum, $200 billion, would position Storonsky among the world’s wealthiest individuals. Last year, Storonsky noted that his incentive package could grant him approximately a 40% stake in the company at a $200 billion valuation, translating to a personal share of around $80 billion.
Achieving such a valuation would necessitate continued robust expansion for Revolut. The company’s most recent funding round in November 2025 valued it at $75 billion, a significant increase from its $45 billion valuation in 2024. This rapid growth trajectory is supported by strategic moves to bolster its regulatory standing and operational independence.
Revolut recently secured a full banking license in the U.K. and is actively pursuing a banking charter in the United States. As previously noted, obtaining a banking charter would empower Revolut to reduce its reliance on partner banks and gain greater control over its infrastructure. This shift is crucial, as operating through partners can constrain margins and limit product offerings. A banking charter, conversely, allows for greater control over both aspects.
The financial performance and strategic diversification of Revolut are key to its long-term valuation prospects. The company’s revenue streams are diversified across subscriptions, payments, wealth management, and interest income, mitigating dependence on any single business segment. This breadth of services is seen as foundational for a successful transition to regulated banking operations, providing the necessary capital base and operational track record that regulators expect.
