Revolut’s U-turn

By the Editorial Team · Friday, September 18, 2026

Revolut is reconsidering a dual stock market listing in London and New York, shifting from earlier plans to pursue a U.S.-only IPO or delay going public. This approach could boost London's financial markets by attracting significant investor interest and potentially place Revolut among the largest companies on the FTSE 100.

Revolut, the digital banking firm, is reconsidering a stock market listing in London alongside a potential listing in New York, according to statements from its founder and chief executive, Nik Storonsky. This marks a shift from the company's earlier indications that it might pursue a U.S.-only initial public offering (IPO) or delay going public entirely.

Storonsky emphasized the advantages of a New York listing, telling French newspaper Les Echos that the company faces a choice between "selling in a small market with few buyers" and accessing a "gigantic market with a huge number of buyers who will compete fiercely for our shares." Despite this, the prospect of a London flotation signals progress for the UK’s financial markets, which have seen a decline in high-profile IPOs of tech start-ups in recent years.

Revolut’s potential London debut comes amid other private companies exploring public listings, including Vue Cinemas, which announced plans to consider an IPO that could value the company at approximately £1.5 billion. However, Revolut’s anticipated listing carries particular significance for the City due to its substantial valuation and growth profile.

Following a share sale in July, Revolut was valued at around $115 billion, a figure that, if reflected in a future public listing, could secure the company a place among the largest constituents of the FTSE 100 index. The final composition of any index inclusion will depend on the specifics of a proposed dual listing on both the London and New York stock exchanges.

While an IPO is not expected imminently—Storonsky has previously suggested a flotation date as late as 2028—the decision to keep London as an option opens the door for increased investor participation in the UK market. This move may help revitalize equity capital markets by attracting a new wave of investors to promising technology firms.

The potential for Revolut to join the ranks of publicly traded fintech companies in London reflects broader discussions around market access and the attractiveness of stock exchanges to emerging corporations. However, the company’s preference for a dual listing indicates a strategy to balance deep capital pools and investor demand in both the U.S. and UK markets.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.