Revolut is weighing a dual listing in both London and New York, a move which would be a boon to the UK’s ailing capital markets.
Founded in 2015, Revolut is a financial superapp providing a wide range of financial services including stocks and shares trading, crypto and remittances. The company is Europe’s most valuable fintech, having launched an employee secondary share sale which valued the company at $75bn earlier this month.
According to a report in The Times, citing a senior City source the idea of Revolut opting for a dual listing was being “widely discussed” in financial circles.
Revolut declined to comment.
If it were to list, the fintech would enter London’s flagship FTSE 100 index and be one of the 15 most valuable companies in London. It would also be a boost to the London Stock Exchange, which has undergone a spate of underperforming IPOs and homegrown startups opting to float abroad.
The move suggests founder Nik Storonsky has changed his tune when it comes to listing in the country Revolut was founded. In December, he said he would prefer a US float over a UK IPO during an appearance on the 20VC podcast.
