Revolut founder Nik Storonsky has confirmed that the fintech firm is exploring a dual listing in New York and London. Storonsky, who is chief executive of the UK's largest fintech, stated he "prefers" the US market.
He explained that the American market offers better upsides than London, citing its larger size and a greater number of institutional and individual investors. Storonsky told French newspaper Les Echos that the US market provides a "gigantic market with a huge number of buyers who will compete fiercely for our shares."
This announcement follows previous comments from Storonsky in 2024, where he suggested it was "not rational" for Revolut to list in London due to the UK market's inability to compete with US liquidity. He also previously criticised Britain's "extreme bureaucracy" and "extra cautious" regulation, which he cited as a hurdle in obtaining a UK banking licence in March.
Revolut's pursuit of an initial public offering (IPO) could value the company at over $100bn. A dual listing in London would be a boost for the UK's capital markets, especially after earlier suggestions that Revolut might bypass Britain entirely.