"Revolut Targets Valuation of Up to $200 Billion"

by Ryu Hyunseok

Published 22 Apr.2026 10:59(KST)

UK fintech company Revolut is aiming for a corporate valuation of up to 200 billion dollars (approximately 295 trillion won) through an initial public offering (IPO).

Reuters Yonhap News

The Financial Times (FT) reported on April 21 (local time), citing investors who were recently briefed on Revolut's IPO plans, that the company is targeting a valuation of up to 200 billion dollars via a stock market listing. Additionally, investors and internal bank sources told FT that company executives have discussed a target valuation in the range of 150 billion to 200 billion dollars.

However, the IPO is expected to take place around 2028. Nick Storonsky, the founder of Revolut, recently stated that the earliest the IPO could happen is in 2028. This reaffirms comments previously made by the head of the UK division. He also indicated that Revolut is indeed committed to going public.

If Revolut’s valuation reaches 200 billion dollars, Storonsky is expected to become one of the world's wealthiest individuals. In an interview last December, he explained that if the company achieves a 200 billion dollar valuation, his incentive package would grant him roughly a 40% stake in the company. This would value his stake at about 80 billion dollars.

FT pointed out that rapid growth is necessary for the company to achieve its target valuation. In its most recent funding round last November, Revolut was valued at 75 billion dollars. This marks a significant increase from the 45 billion dollar valuation in 2024.

Investors view Revolut’s acquisition of a full UK banking license as a core element of its growth strategy. Last month, Revolut announced that the UK's Prudential Regulation Authority (PRA) had lifted certain restrictions related to its banking license. Once the license is granted, Revolut will be able to accept customer deposits directly. On this basis, it can also provide loans. This is a crucial part of Revolut’s strategy to enter the highly profitable markets currently dominated by traditional banks.