Revolut's initial public offering is set to take place in two years, and it will occur in the United States.

      The CEO of Europe's most valuable startup provided his clearest timeline for an IPO during a Bloomberg interview, reducing his earlier estimate of "two to three years" from December to a more precise "two years." This announcement coincided with Revolut achieving a significant regulatory milestone by filing for a US bank charter, enhancing the feasibility of a future listing.

      In an interview with Bloomberg on Monday, Revolut's CEO Nik Storonsky indicated that the digital bank's IPO is roughly two years away, reflecting a minor yet significant tightening of his previous public guidance. Back in December 2025, during a Russian-language discussion, Storonsky had suggested that a listing was "most likely" two to three years away and "not a priority."

      The new two-year projection shifts the timeline closer to 2028, with a US listing being the preferred option. The latest developments from the EU tech sector, insights from our founder Boris, and some questionable AI art can be found in our weekly free newsletter—sign up now!

      In March 2026, the firm obtained its full UK banking license from the Prudential Regulation Authority after an 18-month mobilization period, the longest in recent times due to regulatory concerns regarding the company’s global risk management and anti-money laundering efforts. This license, which protects UK customers with Financial Services Compensation Scheme coverage up to £120,000 and allows for consumer credit products such as loans and overdrafts, eliminates the primary structural barrier preventing Revolut from being seen as a credible IPO candidate.

      A company pursuing a public listing while still operating under a restricted license would face tough scrutiny from institutional investors; that issue has now been resolved. Also in March, Revolut submitted an application for a national bank charter to the US Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), and appointed Cetin Duransoy, a former senior executive at Visa and ex-CEO of Raisin US, as its US CEO.

      Storonsky has emphasized the importance of a US license for Revolut’s product strategy: the American market relies heavily on credit cards, and without a banking license, the company cannot offer competitive credit products or generate interchange fees on a large scale. Acquiring a US banking license would fundamentally alter what Revolut can offer to its American clients.

      The company's financial outlook supports the feasibility of a two-year timeline. In 2024, Revolut achieved $4 billion in revenue and $1.4 billion in pre-tax profit, reflecting year-on-year increases of 72% and 149%, respectively. For 2026, management anticipates $9 billion in revenue and $3.5 billion in net profit, figures that would place it among the most profitable fintechs globally.

      Revolut serves over 70 million customers in more than 100 countries and possesses banking licenses in several regions, including Lithuania (its EU banking hub), the UK, and Mexico, where it commenced full banking operations in January 2026. The question of where Revolut will go public has become a point of embarrassment for UK financial markets. Storonsky has frequently indicated a preference for a US listing, citing 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, having opened Revolut’s headquarters in Canary Wharf and met with fintech leaders. However, Bank of England Governor Andrew Bailey reportedly declined to attend one such meeting due to concerns regarding political interference in regulatory matters.

      The UK government has introduced a three-year stamp duty exemption for newly listed companies, but analysts in the City have largely dismissed the likelihood of a primary listing in London. The valuation trajectory of Revolut complicates traditional IPO expectations. 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 another secondary sale in the latter half of 2026, which could push its valuation past $100 billion. Sources familiar with the company's strategy have shared with Bloomberg that the target for a future IPO is at least $150 billion, a figure that would exceed the combined valuations of Barclays, Deutsche Bank, and Société Générale.

      Storonsky has an incentive package modeled on Elon Musk’s Tesla agreement, granting him additional shares if the company reaches a $200 billion valuation. He currently owns about 29% of the firm.