Revolut Reportedly Targets $200B IPO Valuation in Huge Fintech Bet
Revolut is targeting a $200 billion valuation for its IPO, more than doubling its current value. The fintech startup has expanded its services beyond low-cost foreign transactions to core banking services, with over 70 million users across 40 countries.
Revolut, a financial services firm, is aiming for a $200 billion valuation in its public listing, doubling its current value. The company was valued at $75 billion last November and has seen significant revenue and profit growth, with $6 billion in revenue and $2.3 billion in pre-tax profit in 2025. Revolut has expanded its services to include current accounts, budgeting tools, savings, investment services, and cryptocurrency exchange. The company operates in over 40 countries and has over 70 million users. Revolut plans to remain private until at least 2028, potentially benefiting from the renewed upturn in venture capital flowing into fintech. Its CEO and founder, Nik Storonsky, is set to receive 40% of the company if the valuation target is met.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.