Revolut is targeting a valuation of up to $200bn at IPO, according to reports.
The London-based fintech giant has seen its valuation skyrocket in recent months, with investors keen to grab a slice of Europe’s most valuable scaleup.
On Tuesday, the Financial Times reported that Revolut was aiming for a valuation of between $150bn and $200bn when it floats on the public markets, citing investors briefed by the company.
Should that happen, CEO and cofounder Nik Storonsky would become one of the richest people in the world, thanks to a lucrative incentive deal which would see his personal stake in Revolut jump another 10% if certain goals related to the company’s valuation are met.
In a recent appearance on Bloomberg’s The David Rubenstein Show: Peer to Peer Conversations, Storonsky said he did not expect the company to IPO until at least 2028.
“We’re a bank and, for a bank, it’s super important to have trust,” Storonsky said. “Public companies are trusted more compared to private companies.”
Revolut’s last share sale was in November and valued the company at $75bn, a significant jump from its $45bn valuation the previous year.
Sifted approached Revolut for comment.
