British cryptocurrency-friendly financial technology company 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 company recently said it would not seek to go public before 2028 and had not set any formal valuation targets, following a share sale in November last year that valued the company at $75 billion.
Revolut had discussed a potential valuation of between $150 billion and $200 billion in a future initial public offering (IPO) with investors, according to the Financial Times report, citing sources familiar with the matter.
Media reports have also said that Revolut, which received a full UK banking license in March, is preparing for a secondary share sale in the second half of 2026, with expectations of a valuation of $100 billion after the sale.
Co-founder Nik Storonsky said in December that his stake would be worth about $80 billion in the company if it reached a valuation of $200 billion.
In 2025, Revolut’s pre-tax profit rose 57% to £1.7bn ($2.3bn), a smaller gain than the nearly 150% increase the previous year.
In March, Revolut also applied for a banking license 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 aiming for a record-breaking IPO, a source close to the fintech said a formal valuation has not yet been decided, according to the FT.
Revolut did not immediately respond to a request for confirmation from CoinDesk.
