Revolut, the London-based fintech giant, is contemplating a dual listing on the London and New York stock exchanges, with a valuation of $75 billion. This move would make Revolut the first company to be listed simultaneously in New York and on the FTSE 100, placing it among the top 15 most valuable companies in London.
Despite the potential for a groundbreaking IPO, Revolut is not in a hurry to go public. The company is currently focusing on secondary share sales and solidifying its foundation, including the launch of a UK bank. After receiving approval from the Bank of England last year, the bank is still in its testing phase. Founder Nik Storonsky has emphasized the importance of the bank's launch as a step towards reaching 100 million customers globally, a milestone he considers crucial before pursuing a public listing.
Revolut Eyes Dual Listing in London and New York at $75 Billion Valuation
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