The CEO of Europe’s most valuable startup provided his clearest IPO timeline yet in a Bloomberg interview, narrowing his December ‘two to three years’ estimate to ‘two years.’
As Revolut achieved significant regulatory milestones, including filing for a US bank charter, these developments significantly enhance the credibility of an eventual listing.
Revolut CEO Nik Storonsky told Bloomberg on Monday that the digital bank’s IPO is roughly two years away, marking a minor but notable tightening of his earlier public guidance.
In December 2025, during a Russian-language interview, Storonsky suggested a listing was “most likely” two to three years out and “not a priority.”
This new two-year timeframe points closer to 2028. A US listing remains the stated preference.
In March 2026, the company received its full UK banking license from the Prudential Regulation Authority after an 18-month mobilization phase, delayed by regulatory concerns over the company’s global risk controls and anti-money laundering compliance.
The license, which offers UK customers Financial Services Compensation Scheme protection up to £120,000 and facilitates consumer credit products like loans and overdrafts, eliminates the most significant structural gap in Revolut’s status as a credible IPO candidate.
A company aiming for a public listing while still on a restricted license would face scrutiny from institutional investors; that concern is now resolved.
Also in March, Revolut filed for a national bank charter with the US Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), while appointing Cetin Duransoy, a former senior executive at Visa and ex-CEO of Raisin US, as its US chief executive.
Storonsky has emphasized why the US license is crucial for Revolut’s product goals: the American market is credit-card driven, and without a banking license, the company cannot offer competitive credit products or earn interchange fees at scale.
A US banking license would fundamentally alter what Revolut can offer to its American users.
Revolut’s financial trajectory makes the two-year window feasible. The company generated $4 billion in revenue and $1.4 billion in pre-tax profit in 2024, reflecting increases of 72% and 149% respectively year-on-year.
For 2026, management has projected $9 billion in revenue and $3.5 billion in net profit, positioning it as one of the most profitable fintechs globally.
The company serves over 70 million customers across more than 100 countries and holds banking licenses in various jurisdictions, including Lithuania (its EU banking hub), the UK, and Mexico, where it launched full banking operations in January 2026.
The question of where Revolut lists has become an ongoing issue for UK financial markets. Storonsky has consistently indicated a preference for a US listing, citing greater liquidity, higher valuation multiples for technology companies, and the 0.5% stamp duty reserve tax on UK share dealings.
Chancellor Rachel Reeves has personally tried to persuade a London listing, opening Revolut’s Canary Wharf headquarters and holding meetings with fintech leaders, but Bank of England Governor Andrew Bailey reportedly declined to join one such meeting due to concerns about political interference in regulatory decisions.
The UK government has implemented a three-year stamp duty exemption for newly listed companies, but City analysts have largely dismissed the possibility of a primary London listing.
Revolut’s valuation trajectory complicates the conventional IPO logic. A November 2025 secondary share sale, led by Coatue, Greenoaks, Dragoneer, and Fidelity, with Andreessen Horowitz, Franklin Templeton, T. Rowe Price, and Nvidia’s NVentures also participating, valued the company at $75 billion.
Bloomberg reported that the company is considering another secondary in the latter half of 2026 that could elevate the valuation above $100 billion.
Those familiar with the company’s plans have informed Bloomberg that the target for an eventual IPO is at least $150 billion, making Revolut more valuable than Barclays, Deutsche Bank, and Société Générale combined.
Storonsky’s incentive package, modeled on Elon Musk’s Tesla deal, awards him additional share grants if the company achieves a $200 billion valuation. He currently holds approximately 29% of the company.