One of the new most valuable companies in Europe, Revolution, is to explore a dual list in London and New York for its successful initial public offer (IPO), the Sunday Times reported, citing a “source of the senior city.”
If you continue, the measure could mark the first time that a company lists simultaneously in New York and joins the Benchmark Ftse 100 in London, which potentially gives the United Kingdom financial center a very necessary vote of confidence, said the newspaper.
It is said that the London -based firm is valued at around $ 75 billion and has accumulated 65 million users worldwide, including 12 million in the United Kingdom, began as a prepaid card centered on trips and since then it has expanded to shares of shares and cryptographic actions, hotels and commercial accounts reserves.
Thetie’s data show that the company has raised $ 3.77 billion since its launch. According to reports, the company sought to raise $ 1 billion at an assessment of $ 65 billion earlier this year.
The CEO Nik Storonsky has pressed an OPI to allow the first investors to leave, and had previously ruled out London as a place due to the tax of 0.5% of the United Kingdom, known as a bell tax, in the trade of shares.
Storonsky’s posture seems to be softening. The new rules introduced this month allow large companies to enter the FTSE 100 within five days of the list, a change that could unlock a significant demand for index monitoring funds and increase liquidity.
Storonsky called the “country of origin” of the United Kingdom Revolution at the inauguration of its new headquarters in London last week, an event that also attended Foreign Minister Rachel Reeves and the president of Revolution Martin Gilbert, said the Sunday Times.
The company did not comment to the newspaper.
