Fintech giant Revolut is reportedly exploring a dual stock market listing in London and New York, a move that could value the company at approximately $75 billion and represent a major win for the UK capital.
The dual listing is being “widely discussed” within financial circles, according to a senior City source cited by The Sunday Times. If approved, it would mark a historic first: a company simultaneously listing in New York while entering the FTSE 100 index in London. A valuation of this scale would instantly position Revolut among the top 15 most valuable firms on the London Stock Exchange.
The reports suggest a potential shift in stance for Revolut’s CEO, Nik Storonsky, who has previously criticized London’s listing environment due to factors like the UK’s 0.5% stamp duty on share trades. However, recent regulatory reforms have made joining the FTSE 100 faster, easing index-tracking fund participation in IPOs.
The speculation follows a clear sign of commitment to the UK, where Revolut serves 12 million of its 65 million global users. At the recent opening of the company’s new Canary Wharf headquarters, Storonsky referred to Britain as “our home country,” while Chancellor Rachel Reeves pledged to make the UK “the best place to do business.” The UK and U.S. have also recently announced a task force to encourage transatlantic dual listings, a policy supported by Revolut Chairman Martin Gilbert.
