One of the most precious startups in Europe, Revolut, explores a double registration in London and New York for its successful first public (IPO), reported the Sunday Times, citing a “Senior City Source”.
If it were to proceed, this decision could mark the first time that a company listed simultaneously in New York and joined the reference of London FTSE 100, potentially giving the United Kingdom’s financial center an essential vote of trust, the newspaper said.
The company based in London is said to be evaluated at around $ 75 billion and has raised 65 million users worldwide, including 12 million in the United Kingdom, it began as a prepaid card focused on travel and has since expanded in the trade and cryptography, hotel reservations and commercial accounts.
Theie’s data show that the company has raised $ 3.77 billion since its launch. The company would have tried to raise $ 1 billion to an evaluation of $ 65 billion earlier this year.
The CEO Nik Storonsky made pressure on a stock market to allow the first investors to leave, and had previously rejected London as a place due to the 0.5% tax of the United Kingdom, known as stamp name, on the trading of shares.
The position of Storonsky seems to soften. The new rules introduced this month allow large companies to enter the FTSE 100 within five days of registration, a change that could unlock the major demand for the index monitoring funds and increase liquidity.
Storonsky called on the “country of origin” of the United Kingdom at the opening of its new headquarters in London last week, an event also assisted by Chancellor Rachel Reeves and Revolut president Martin Gilbert said the Sunday Times.
The company did not comment on the newspaper.
