Revolut targets valuation of up to $200B ahead of potential IPO

British neobank Revolut is reportedly aiming for a significant jump in valuation when it eventually goes public. The company is targeting a market capitalisation between $150 billion and $200 billion at its initial public offering, according to a Financial Times report on Tuesday, citing anonymous investor sources.

The fintech firm, which received a full banking license in the United Kingdom in March after a long approval process, was most recently valued at $75 billion. That figure rose from $45 billion in 2024 following a secondary share sale, making it one of Europe’s most valuable private technology companies.

Revolut co-founder and CEO Nik Storonsky said last week that the company’s IPO is still at least “two years away,” according to Bloomberg.

Meanwhile, PitchBook and the Financial Times report that Revolut is preparing another secondary share sale in the second half of 2026, which could value the company at more than $100 billion.

As of November 2025, Revolut had raised $5.89 billion in funding, according to PitchBook. The company also reported strong financial growth, posting $6 billion in revenue for the year ending December 31, 2025, up from $4 billion in 2024. Net profit increased to $1.7 billion, compared with $1 billion the previous year. Customer numbers also grew, reaching 68.3 million retail users by the end of 2025.

Founded in 2015, Revolut offers a broad range of financial services, including multi-currency accounts, payments and transfers, cryptocurrency products, insurance, and more. The company has been aggressively expanding internationally and has recently applied for a banking license in the United States.

In addition to its UK banking license, Revolut also holds regulatory approvals in the European Union and operates across markets including Australia, Japan, New Zealand, Singapore, Brazil, and the United States. The company launched operations in India last October, is preparing to expand into Colombia, and has already secured a banking license in Mexico.