Revolut CEO Criticizes London Stock Market, Signals U.S. IPO Preference

Nik Storonsky cites higher costs and lower liquidity in the UK as reasons Revolut may go public in the U.S.

Revolut CEO Nik Storonsky called the UK stock market 'irrational' for IPOs due to a 0.5% stamp duty tax and lower liquidity compared to the U.S.
Storonsky stated that the U.S. market is more attractive as trading is free and significantly more liquid, making it favorable for investors.
Revolut, valued at $45 billion, is Europe's most valuable fintech and recently secured a UK banking license after a lengthy approval process.
The UK government has been working on financial reforms to attract more listings, but concerns over competitiveness persist, especially in the tech sector.
Barclays' CEO also highlighted a decades-long decline in the UK equity market, contrasting it with the growth of U.S. markets.