Revolut targets a $200 billion IPO just months after its $75 billion share sale

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Revolut targets a $200 billion IPO just months after its $75 billion share sale The crypto-friendly fintech is planning its initial public offering (IPO) no sooner than 2028, according to an FT report. By Olivier Acuna | Edited by Jamie Crawley Apr 21, 2026, 5:07 p.m. Make preferred on Revolut's company valuation has apparently increased by 125% since November of last year and is now an estimated $200 billion ahead of a 2028 IPO. (A. Aleksandravicius/Shutterstock) What to know : Revolut has told investors it is targeting a valuation of up to $200 billion for a future initial public offering, according to the Financial Times. The company, valued at $75 billion in a 2025 share sale, is reportedly discussing an IPO valuation range of $150 billion to $200 billion and a 2026 secondary share sale that could lift its value to $100 billion. Revolut, which became Europe's most valuable start-up and gained a full U.K. banking license in March, has applied for a U.S. banking license as its 2025 pre-tax profit rose 57% to £1.7 billion. British crypto-friendly fintech firm Revolut notified investors that it was targeting a valuation of up ​to $200 billion in its stock market listing, the ‌ Financial Times reported on Tuesday . Europe's largest fintech firm recently said ⁠it would not seek a listing before 2028 ​and that it had not laid out any formal ​valuation targets, following a share sale in November last year which 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 U.K. banking license in March , is preparing for a secondary share sale in ​the second half ​of 2026, ⁠with expectations of a $100 billion valuation post 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 ⁠surged ​57% to 1.7 billion pounds ($2.3 ​billion), a smaller gain than the previous year's nearly 150% increase. In March, Revolut also applied for a banking licence 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 targeting a record-breaking IPO, a source close to fintech said no formal valuation has yet been decided, according to FT. Revolut did not immediately respond to a CoinDesk request for confirmation. banks IPOs More For You Aave’s core markets hit 100% utilization at once, and that's not a good thing By Olivier Acuna | Edited by Oliver Knight 1 hour ago CertiK says the lending protocol is in serious trouble while CEO Stani Kulechov tells CoinDesk he does “not have anything useful to say.” What to know : Aave, one of the largest decentralized lending platforms, has effectively frozen after its major markets hit 100% utilization, leaving users unable to withdraw roughly $5 billion in USDT and USDC. The crisis stems from a $292 million exploit of the Kelp DAO rsETH bridge, which led to unbacked collateral on... Read full story Latest Crypto News Aave’s core markets hit 100% utilization at once, and that's not a good thing 1 hour ago AI slop has created a search problem crypto companies can’t ignore 1 hour ago Bitget exchange brings pre-IPO tokens to masses starting with SpaceX on Solana 1 hour ago Coinbase advisory board says quantum computing threat is on the horizon, crypto needs a plan 2 hours ago Cut the red tape: 39 financial giants demand an emergency fast-track for Europe's blockchain pilot 2 hours ago UK invites crypto giant Bybit to London to win over some of UAE’s innovation shine 2 hours ago Top Stories Strategy overtakes BlackRock IBIT in bitcoin holdings after bear market buying 7 hours ago Bitcoin trades above a make-or-break level ahead of Warsh hearing 5 hours ago North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit 19 hours ago Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos 20 hours ago Crypto scammers offer ‘safe passage’ through Hormuz. At least one ship may have been conned. 6 hours ago Arbitrum freezes $71 million in ether tied to Kelp DAO exploit 11 hours ago