Revolut Eyes $200 Billion Valuation for IPO by 2028
- Revolut plans an IPO with a target valuation of $200 billion, as reported by investors.
- The firm achieved a $75 billion valuation during its last funding round in November.
- CEO Nik Storonsky indicated the IPO would not occur until around two years from now, in approximately 2028.
- Revolut’s revenue surged to $6 billion last year, marking a year-over-year increase of 46%.
- The firm operates as a licensed bank in the UK and has expanded banking operations to Mexico and applied for a U.S. bank charter.
Revolut aims for significant growth with its anticipated IPO, targeting a valuation that more than doubles its current worth within two years. The company continues to expand globally, enhancing its banking operations across multiple regions.
With revenues reaching $6 billion last year and ongoing global expansion efforts, Revolut is positioning itself for substantial market impact by the time it goes public in 2028. (Source)
