Revolut Eyes New York in Potential Dual IPO Listing

Revolut is considering a dual stock-market listing in New York and London, giving the U.S. a central role in one of Europe’s most closely watched future IPOs.

Founder and CEO Nik Storonsky told French newspaper Les Echos this week that the fintech is looking at a potential listing on both the London Stock Exchange and Nasdaq. Revolut confirmed the comments, according to Reuters. Any eventual IPO is still expected to be some distance away and remains subject to market conditions.

The significance goes beyond where Revolut’s shares might eventually trade. The company is simultaneously building a deeper operating presence in the United States, making New York increasingly relevant both as a capital market and as part of Revolut’s broader American growth strategy.

Why New York matters to Revolut

Storonsky has made clear that the appeal of the U.S. comes down largely to scale. In his comments to Les Echos, he pointed to the larger pool of institutional investors, hedge funds, asset managers and individual investors available in the American market. Reuters reported that Revolut currently prefers the U.S. from an investor-access perspective, even while considering a dual listing with London.

That reflects a broader issue facing European companies approaching public markets. New York offers access to some of the deepest and most liquid capital markets in the world, which can be particularly attractive for high-growth technology and financial companies seeking large valuations and broad investor demand.

Revolut would not necessarily be abandoning its home market. A dual listing would allow the company to maintain a presence in London while also gaining direct exposure to U.S. investors through Nasdaq.

That balance matters politically and commercially. Revolut was founded in London in 2015 and remains one of Europe’s most prominent privately held technology companies, while the British government has been eager to attract more high-profile listings to the London market.

The U.S. is becoming more than a listing destination

The potential Nasdaq listing comes as Revolut is also moving closer to operating a fully fledged bank in the United States.

On September 3, Revolut announced that it had received conditional approval from the U.S. Office of the Comptroller of the Currency to form a national bank. The company is still working through approvals involving the Federal Deposit Insurance Corporation, the Federal Reserve and the OCC before the proposed bank can launch. Revolut says it is targeting a 2027 launch.

Earlier this year, Revolut also filed its U.S. bank charter application and appointed a new U.S. CEO as part of its push to establish a more substantial American operation. The company has said a national bank structure would allow it to offer insured deposits directly in the U.S. and expand its local financial-services offering.

That makes the New York listing discussion more strategically interesting. Revolut would not simply be a European company choosing an American exchange for valuation reasons. It is simultaneously trying to become a larger participant in the U.S. financial system itself.

A company already operating at global scale

Revolut’s scale has grown significantly ahead of any potential public offering. The company says it now serves more than 80 million customers globally, up from more than 70 million earlier this year, and operates across dozens of markets.

Its financial profile has also strengthened. Revolut reported $6 billion in revenue for 2025 and $2.3 billion in profit before tax. A secondary share sale completed in November 2025 valued the company at $75 billion.

Since then, the company has continued to add banking licences across multiple markets. Revolut became a fully licensed bank in the United Kingdom in March and received a full French banking licence in August. It has also continued to expand elsewhere, including Colombia and Australia.

What this means for European companies

Revolut’s IPO planning illustrates a broader pattern for ambitious European companies: scaling in America does not always begin with opening stores, factories or offices.

For technology and financial companies, the U.S. can also become central through capital markets, investors, regulation and access to a much larger pool of potential shareholders.

Revolut is effectively pursuing several American tracks at once. It is seeking approval to operate its own U.S. bank, building local leadership and evaluating whether New York should sit alongside London when the company eventually goes public.

For other European founders, that creates an important distinction. Entering America can mean more than selling to American customers. At sufficient scale, the U.S. can become part of the financing strategy, corporate structure and long-term valuation story as well.

Revolut has not yet committed to a final IPO structure or timetable, and a listing remains subject to market conditions. But the direction is increasingly clear: America is becoming a more important part of the company’s next phase, both operationally and financially.