Revolut dual listing
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Revolut Pursues Global Investors with London, New York Dual Listing

In Focus

  • London-based fintech giant, Revolut is considering a dual listing in London and New York for its IPO
  • Digital financial company seeks dual listing at $75 billion valuation
  • Revolut will be the first company to simultaneously list in New York and join the FTSE 100
  • New U.K. rules now make it easier for big companies like Revolut to join the FTSE 100

U.K. fintech company Revolut is considering listing in both London and New York. According to Yahoo Finance, Revolut’s dual listing could push the fintech firm’s valuation to $75 billion and make it one of the most valuable firms on the London Stock Exchange.

First Firm to Enter FTSE and List in New York

If Revolut’s stock listing is approved, the fintech firm will become the first company to simultaneously enter London’s FTSE 100 index and list in New York. The company’s market valuation stands at £55 billion. Since its founding, the fintech giant has grown from a travel-focused prepaid card company to become Europe’s most valuable startup.

The company currently serves 65 million customers globally, 12 million of these are based in the U.K. NYSE listing will give the fintech firm access to a wider pool of private equity and venture capital firms that are interested in fintech innovation.

Targeting Global Investors

Listing in London and New York allows revolut to attract global investors, including those in emerging markets who may not access European fintech stock markets with ease. Entering indexes like the FTSE 100 will attract investment from index-tracking funds, allowing the firm to increase liquidity and steady Revolut’s share offering.

The dual listing structure will require the fintech giant to undertake a Revolut IPO in London and New York. This will not only provide transparency, but also align well with investor expectations of robust governance.

Revolut has been mulling an IPO for months now. In June 2025, the fintech CEO Nikolay Storonsky negotiated a multi-billion deal pegged on achieving a $150 billion valuation. The deal could see his stake in the fintech increase significantly

Key Highlights and Strategic Takeaways

  • Revolut has grown from a prepaid card firm to Europe’s most valuable startup
  • Dual listing means Revolut will run IPOs in both London and New York
  • Listing in New York will enable Revolut to access private equity and venture capital firms interested in fintech
  • Entering indexes will attract investment from index-tracking funds, allowing the company to increase liquidity and steady share prices

Responding to Regulatory Changes

Revolut’s decision to debut in London may be informed by recent regulatory reforms and political support in the U.K. Previously, Revolut has criticized London’s listing environment, raising concerns over the 0.5% stamp duty imposed on London IPOs.

The U.K. government introduced new rules this month, allowing large firms to join the FTSE 100 within five days. This enables index-tracking funds to take part in their IPOs and addresses Storonsky’s concerns. The U.K. stock market has suffered setbacks in recent months as British firms opt to list in the U.S. In June 2025, U.K. fintech firm Wise shifted its public listing to the U.S in pursuit of larger valuation.

Revolut’s Future Growth

On September 23, 2025, Revolut opened its global headquarters in London’s Canary Wharf, reinforcing its U.K. roots and vision of becoming a global financial service leader. The fintech firm committed to invest $13 billion in global expansion over the next five years. This includes a $4 billion commitment towards creating over 1,000 new jobs in the U.K.

“From our roots here in the UK, we’ve grown to serve over 65 million customers globally, and today’s opening of our new Global HQ in London is the launchpad for our future. To power that journey from our home market, we are investing £3 billion in the UK over the next five years,” Storonsky said in a statement posted on Revolut website.

During the event, Chancellor Rachel Reeves expressed support for Revolut’s U.K. listing and emphasized the country’s commitment to become “the best place to do business”.

Paul Tucker
X

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