Revolut CEO favors US primary listing if digital bank pursues an IPO

Revolut would favor a US primary stock-market listing if it decides to pursue an initial public offering, founder and chief executive Nik Storonsky told Bloomberg TV, according to a Reuters report published on October 8. The preference gives investors a clearer indication of where the digital bank might seek its main listing, but it is not an announcement that Revolut has decided to go public.

The comments follow a September account of Revolut weighing a listing in both London and New York. Storonsky’s latest statement identifies the US as his preferred primary market without establishing whether London would also have a role. Neither report identifies an IPO filing, a chosen exchange or a confirmed listing date.

How Revolut’s listing plans have shifted

In September, Storonsky told the French newspaper Les Echos that Revolut was weighing a simultaneous listing on the London Stock Exchange and Nasdaq, Euronews reported. A Revolut spokesperson confirmed that account to Euronews. At the time, Euronews said the company had not specified which venue would host the primary listing, whether the two listings would take place together or when formal preparations might begin.

The newer US-primary preference narrows one question in that earlier discussion: which market Storonsky would favor for the principal listing. It does not settle the separate question of whether Revolut might seek a secondary London listing. Reuters described the IPO as a possibility dependent on a future company decision, rather than a transaction already under way.

US banking approval remains conditional

Storonsky linked Revolut’s US ambitions to banking as well as the potential listing. He told Bloomberg TV that the company wants to ‘dominate’ the US market and plans to introduce credit cards and loans after it receives a full banking charter, Reuters reported. The sequence matters: the products he described depend on an approval the company had not yet received.

Revolut received conditional approval for a US national bank charter in September. In its September 3 announcement, the company said that approval came from the Office of the Comptroller of the Currency and that approvals from the Federal Deposit Insurance Corporation and Federal Reserve, as well as final OCC approval, remained outstanding. Revolut said it planned to launch the proposed bank in 2027; that was a company plan, not a completed regulatory outcome.

According to Revolut’s announcement, a fully approved US bank could directly offer loans, credit cards and FDIC-insured deposits to customers there. For now, that description sets out what the proposed bank could do after further approvals. Reuters likewise described the credit-card and loan rollout as something Storonsky plans once Revolut has a full charter.

What remains undecided about an IPO

Reuters put Revolut’s private valuation at $115 billion and described it as Europe’s most valuable startup. That figure reflects a private valuation; it does not establish the price investors would pay in a public offering. An IPO would also require a decision and preparations that the available reporting does not say have occurred.

A timetable remains uncertain. In September, a Revolut spokesperson declined to comment to Euronews on internal IPO timing and referred it to an April interview in which Storonsky said ‘in two years time, but it depends on how good the market is.’ That earlier estimate was conditional and is not a newly confirmed date. Reuters said any eventual listing was likely at least a year away, citing earlier media reports that had mentioned 2028 and noting the role of market conditions.

The confirmed change is therefore Storonsky’s stated preference for a US primary listing if Revolut pursues an IPO. Investors still lack a company decision to list, a selected exchange and a fixed timetable. US customers also await the remaining approvals before the proposed bank and the products tied to its charter can proceed.