Revolut is considering a dual listing that would place a $75 million tag on the company in London in addition to New York, according to The Sunday Times. A recent secondary sale, which let staff sell up to twenty percent of their holdings, set the $75 million valuation and tests U.S. demand while potentially steadying London’s market. Treasury desks and rival fintechs are tracking the option because it adds a transatlantic quote.
Dual listing means one company lists its shares on two exchanges at once to widen the investor set. The same secondary trade fixed the $75 million tag, and that Revolut once aimed for a 2025 IPO, yet the calendar now hinges on the full rollout of its banking stack. Chief executive Nikolay Storonsky is eyeing a strategic deal that could lift the price toward $150 million while enlarging his stake.
The firm plans to add forty percent more staff during 2024 and to pour funds into France, where it seeks a local banking licence, mortgages and an AI money helper for 2025, the source adds. The transatlantic quote is being watched by market participants for its potential to broaden demand.
What’s next for Revolut?
Dual listings can deepen liquidity and extend trading hours, but they also bring twin rulebooks and time zone price gaps. Prior Bank of Lithuania or FCA fines for weak anti-money-laundering checks, and those files may cool demand and squeeze the first-day price. Crypto traders and treasury desks must watch the cap table after the float, track tighter rules and resize exposure if hype drives the quote from $75 million toward $150 million.
Market appetite for high-growth fintech will decide the outcome. “The dual listing shows how much weight the firm gives to battle between global financial centres,”. The next key marker is completion of the banking rollout, which will set the true IPO date first pencilled for 2025, and price-setters and strategists will wait for that signal.
Revolut’s potential dual listing frames a balance between expanded liquidity and added regulatory risk, with valuation outcomes tethered to the banking stack rollout and investor appetite across London and New York.
