Cryptocurrency-friendly British fintech company Revolut has informed investors that it is targeting a valuation of up to $200 billion when it lists, the Financial Times reported on Tuesday.
Europe’s largest fintech company recently said it would not seek to list until 2028 and had not set any formal valuation targets, following a share sale in November last year that valued the company at $75 billion.
Revolut had discussed a potential valuation of $150 billion to $200 billion in a future initial public offering (IPO) with investors, according to the FT report, citing sources familiar with the matter.
Media reports also reported that Revolut, which was granted a full UK banking license in March, is preparing for a secondary sale of shares in the second half of 2026, with expectations of a valuation of $100 billion following the sale.
Co-founder Nik Storonsky said in December that his stake in the company would be worth about $80 billion if it reached a valuation of $200 billion.
In 2025, Revolut’s pre-tax profit jumped 57% to 1.7 billion pounds ($2.3 billion), a smaller gain than the previous year’s nearly 150% increase.
In March, Revolut also applied for a banking license with the Office of the Comptroller of the Currency (OCC), which, if approved, would allow the London-based fintech to operate more like a traditional bank in the world’s largest economy.
While Revolut is aiming for a record IPO, a source close to the fintech said no formal valuation had yet been decided, according to the FT.
Revolut did not immediately respond to a request for confirmation from CoinDesk.
