Revolut IPO Targets $200B Valuation for a 2028 Listing
Revolut, Europe’s largest crypto-friendly fintech, told investors it is targeting a valuation of up to $200 billion for a future Revolut IPO, the Financial Times reported.
The firm was valued at $75 billion in its 2025 share sale. Revolut is reportedly discussing an IPO valuation range of $150 billion to $200 billion and is also preparing a secondary share sale in 2H 2026, which could lift its value to around $100 billion.
Revolut previously said it would not seek a listing before 2028. Co-founder Nik Storonsky said in December that his stake could be worth about $80 billion if the company reaches a $200 billion valuation.
On licensing, Revolut received a full U.K. banking license in March and has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a banking license. In 2025, its pre-tax profit rose 57% to £1.7 billion, supporting its broader push to operate more like a traditional bank.
While the Revolut IPO target is widely cited, the FT source said no formal valuation has been finalized and Revolut did not immediately confirm details.
Neutral
This is primarily an equities/fintech corporate finance update (Revolut IPO valuation target and licensing), not a direct crypto protocol or token catalyst. Therefore, it’s unlikely to change crypto market fundamentals in the immediate term.
That said, a high-profile fintech moving toward full banking capabilities can marginally affect sentiment around regulated on-ramps/off-ramps and institutional comfort. Similar past events—major payments/fintech listings and bank-licensing headlines—usually create short-lived “risk-on” chatter, but they rarely drive sustained crypto price moves unless accompanied by concrete product launches, custody changes, or major on-chain liquidity shifts.
For traders, the more relevant takeaway is second-order: potential increased compliance and mainstream access could support longer-term adoption narratives. In the short term, however, the lack of direct token/DeFi linkage keeps the expected impact close to neutral.