Revolut CEO pushes IPO timeline to 2028 as firm pursues US charter
Nik Storonsky has never been in a hurry to take Revolut public, and in an interview with David Rubenstein he made clear that nothing has changed.
The CEO of Europe’s most valuable fintech told Rubenstein that an IPO is at least “two years away,” pushing any potential listing to 2028 and closing the door on hopes among investors that the company might float sooner.
Revolut is betting on US banking expansion. Last month, the firm applied for a bank license that would grant it direct Federal Reserve payment access and allow it to offer loans and credit cards to American customers.
Following the application, which was its second attempt, Revolut said it had secured its full UK banking license. After a five-year back-and-forth with British regulators, the company is now a fully licensed bank in its home market.
Storonsky said that as a bank, “it’s super important to have trust.”
Prior to any IPO, Revolut will evaluate additional secondary share sales, a mechanism the company uses every one to two years to generate employee and early-investor liquidity while extending its private market runway.
The most recent secondary, which closed in November, set a $75 billion valuation, up from $45 billion a year prior. A future secondary transaction is reportedly under consideration for 2026, per Bloomberg’s February report. Nvidia and Coatue Management are among the company’s top backers.
Revolut offers trading access to over 300 digital tokens through its platform, making it one of the more crypto-friendly banking operations in Europe.
The company posted roughly $6 billion in revenue for 2025, with profits climbing 57% year-over-year to approximately $2.3 billion, marking five consecutive years in the black. The company ended the year with more than 68 million customers across 40 markets.
