Revolut sets its sights on New York IPO after reaching a $115 billion valuation
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Key News Points: Nik Storonsky, CEO of Revolut, confirmed this Thursday that the firm will prioritize an initial public offering in the United States. Thus, Revolut sets its sights on a New York stock market debut while consolidating its expansion into the North American banking market. The statement outlines the corporate roadmap, setting aside previous evaluations that considered a dual listing between New York and London. A market report indicates that the company's management maintains that the definitive stock market debut is projected for a period of no less than a year. The strategic adjustment coincides with a surge in the company's valuation within secondary markets. The secondary share sale operation executed in July set the total value at $115 billion, a figure that contrasts with the previous round that valued the company at 75 billion. This move provided liquidity for existing shareholders without involving a direct raising of new capital for the entity's operations. With this milestone, Revolut becomes Europe's most valuable unlisted fintech, surpassing several traditional banking institutions in the region by market capitalization. An industry source links the investment interest to corporate funds outside conventional banking, recording participation of approximately $196 million attributed to Nvidia's venture capital arm during the first half of the current...
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