Revolut is planning a dual stock market listing in London and New York, founder and CEO Nik Storonsky has confirmed.

Speaking to French outlet Les Echos, Storonsky said the fintech was “currently planning a dual listing, on the London Stock Exchange (LSE) and the Nasdaq”, although the US remains his preferred venue because of its deeper pool of investors and greater liquidity. He said the US offered access to institutional investors, hedge funds, fund managers and retail investors on a much larger scale, making it more attractive than smaller markets.

"So we have the choice between selling in a small market with few buyers, or in a gigantic market with a huge number of buyers who will compete fiercely for our shares," Storonsky stated.

Revolut, one of Britain's most valuable private firms, was valued at around $115bn (£85bn) in a recent secondary share sale, leading to speculation that an eventual flotation could rank among the largest fintech IPOs globally and would make the company one of the biggest listed businesses in London.

A London listing would also provide a potential boost to the UK equity market, which has experienced a shortage of major IPOs and seen companies increasingly favour US exchanges.

There is no firm timetable for the flotation, with Revolut previously indicating that an IPO is unlikely before 2028 and that timing will depend on market conditions. However, the confirmation of a London listing is still something of a U-turn from Storonsky’s previous criticism of the UK market.

According to Storonsky, Revolut generated around $6bn in revenue and $1.7bn in net income last year, with margins of about 80%, and expects its 2026 figures to be higher. He said the company’s US operation was already profitable, while a US banking licence, for which Revolut has received pre-approval, would accelerate its expansion.

The company is also targeting larger corporate customers in the UK. Revolut Business serves around 800,000 customers globally and is targeting one million by 2027, as it seeks to compete more directly with established banks for larger businesses.

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