Revolut Considers Dual Listing in London and New York

According to PANews, financial technology giant Revolut, based in London, is contemplating a dual listing in London and New York, with the company valued at $75 billion. If successful, Revolut would become the first company to list simultaneously in New York while joining the FTSE 100 index. This move would place Revolut among the 15 most valuable companies in London. Despite ongoing speculation, Revolut is not rushing its initial public offering (IPO). The company is currently focused on secondary stock sales, maintaining its valuation at $75 billion. Analysts suggest that the fintech firm may prefer to solidify its foundation before entering the public market. A crucial step in this process is the launch of a UK bank. After receiving approval from the Bank of England last year, the bank is still in the testing phase. Revolut's founder, Nik Storonsky, considers the bank's opening a top priority, viewing it as central to achieving the goal of 100 million global customers. Only upon reaching this milestone might Revolut fully shift its focus to a public listing.