Listing in New York and London, Swiss banking license: Revolut accelerates its global expansion
Article excerpt
Revolut plans a dual stock market listing in New York and London, its founder and CEO, Nik Storonsky, said in an interview with the French newspaper Les Echos, thus opening the possibility for one of Europe's most important fintech companies to become a major publicly traded company on both sides of the Atlantic. The proposed IPO would give Revolut access to two of the world's largest financial markets while offering investors exposure to a digital banking company that has rapidly expanded beyond its initial payments and foreign exchange activities.US market appeal Storonsky has already indicated a preference for the US market. Nasdaq, in particular, has become a preferred destination for technology companies seeking a stock market valuation, notably due to its greater liquidity and its vast pool of institutional and retail investors. The proposed dual listing project would nevertheless allow London to remain an important component of Revolut's identity. The company, headquartered in the United Kingdom, has been encouraged by the British government to list on the domestic market, as part of broader efforts to strengthen London's attractiveness for high-growth companies. The proposed structure could allow Revolut to attract American technology investors while maintaining a presence in the market where it was founded.A $115 billion fintech According to the Financial Times, a...
Keep reading with a free account
The rest of this article, and every signal for Revolut, is in your free account.
Extracted from this sentence
Julian Biegmann, General Manager of Revolut in Switzerland, stated that the workforce, currently around thirty employees, will triple by the end of 2027.
