Revolut Says 2028 IPO Is Earliest Path To Market

Revolut is not heading to market soon. CEO Nik Storonsky said a public listing is still about two years away, pushing any IPO to 2028 at the earliest as the company keeps chasing scale across India, the U.S., and Latin America.

Good to Know

• Storonsky said an IPO is about two years away, pointing to 2028 as the earliest likely timing.
• Revolut was valued at $75bn in its last secondary share sale, with reports saying a new sale could target around $100bn.
• he company is still pushing global growth, including a U.S. banking licence effort and a wider rollout in India.

Revolut Pushes IPO Further Out While Expansion Stays Front And Center

For now, Revolut looks more interested in growth than ringing a bell on a stock exchange. Storonsky said going public still matters because listed banks tend to carry more trust, but he also made clear the business will wait. That shuts down talk of a near-term filing and keeps Revolut private for at least another two years.

In the meantime, the company is still using private share sales to lift liquidity and test investor demand. A secondary deal completed in late 2025 valued Revolut at $75bn, and fresh reporting in February said another sale later in 2026 could lift that figure toward $100bn.

Geographic growth is the bigger near-term story. Revolut has been building beyond Europe, including a U.S. banking licence push, full banking operations in Mexico, and a wider Latin America buildout. India is another major target, with local rollout activity adding to the sense that Revolut wants more scale before any market debut.

That strategy matches the latest numbers. Reuters reported in March that Revolut posted £1.7bn in pretax profit for 2025 on £4.5bn in revenue, with 68.3 million users, giving the company a stronger base as it tries to look more like a global bank than a fast-growing fintech app.