Revolut's initial public offering is scheduled for two years from now, and it will take place in the United States.

      The CEO of Europe’s most valuable startup provided his clearest timeline for an IPO in a Bloomberg interview, refining his previous estimate of "two to three years" down to "two years." This announcement coincided with Revolut achieving a significant regulatory milestone by applying for a US bank charter, both developments enhancing the credibility of a future listing.

      In his Monday talk with Bloomberg, Revolut CEO Nik Storonsky stated that the digital bank’s IPO is expected to occur in roughly two years, representing a slight but noteworthy shift from his previous guidance. Back in December 2025, during a Russian-language interview, Storonsky had indicated that a listing was "most likely" two to three years away and "not a priority."

      The new two-year estimate pushes the timeline closer to 2028, with a US listing continuing to be the preferred option.

      In March 2026, the company secured its full UK banking licence from the Prudential Regulation Authority after an 18-month preparation period, the longest such process lately, which was delayed due to regulatory worries regarding the firm's global risk oversight and anti-money laundering measures. This licence provides UK customers with Financial Services Compensation Scheme protection of up to £120,000 and allows for consumer credit products such as loans and overdrafts, filling a critical gap in Revolut’s standing as a credible IPO candidate.

      A company seeking public listing while still operating on a restricted licence would draw scrutiny from institutional investors; that issue is now resolved. In March, Revolut also submitted a national bank charter application to the US Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), naming Cetin Duransoy, a former senior executive at Visa and ex-CEO of Raisin US, as its CEO for the US market.

      Storonsky has clarified the significance of the US licence for Revolut’s product strategy: the US market relies heavily on credit cards, and without a banking licence, the firm cannot offer competitive credit products or earn interchange fees on a large scale. A US banking licence would drastically enhance the offerings Revolut can provide to its American customers.

      Revolut's financial growth supports the two-year timeline. In 2024, the company reported $4 billion in revenue and $1.4 billion in pre-tax profit, reflecting increases of 72% and 149% respectively year-on-year. For 2026, management is estimating revenues of $9 billion and a net profit of $3.5 billion, positioning it among the world's most profitable fintechs.

      The company caters to over 70 million customers across more than 100 countries and holds banking licences in various regions, including Lithuania (its EU banking hub), the UK, and Mexico, where it commenced full banking operations in January 2026.

      The ongoing debate about where Revolut will list has become a source of embarrassment for UK financial markets. Storonsky has consistently shown a preference for a US listing, pointing to better liquidity, higher valuation multiples for tech firms, and the 0.5% stamp duty reserve tax on UK share transactions.

      Chancellor Rachel Reeves has actively sought a London listing, inaugurating Revolut’s headquarters in Canary Wharf and meeting with fintech leaders, though Bank of England Governor Andrew Bailey reportedly opted out of one meeting due to concerns about political influence on regulatory decisions.

      The UK government has introduced a three-year stamp duty exemption for new listings, but analysts in the City have largely dismissed the likelihood of a primary London listing.

      Revolut's valuation progression complicates traditional IPO rationale. A secondary share sale in November 2025, led by Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton, T. Rowe Price, and Nvidia’s NVentures, valued the company at $75 billion. Bloomberg has reported that the company is considering a further secondary offering in the latter half of 2026 that could increase the valuation to over $100 billion.

      Sources familiar with the company's plans have indicated to Bloomberg that the goal for a future IPO is at least $150 billion, a valuation that would surpass the combined worth of Barclays, Deutsche Bank, and Société Générale. Storonsky's incentive package, designed similarly to Elon Musk’s Tesla agreement, allows for additional share grants if the company reaches a $200 billion valuation. He currently owns about 29% of the company.