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Revolut Weighs Unprecedented $75 Billion Dual Listing in New York and London

The company has not announced an IPO as it prioritizes its UK bank rollout.

Overview

  • Financial reports say a simultaneous float is being considered, which would be the first to list in New York while entering the FTSE 100.
  • An ongoing secondary share sale is guiding a valuation of roughly $75 billion, and the firm has declined to comment on timing.
  • New UK rules allow large IPOs to be added to the FTSE 100 within five days, improving access for index-tracking funds.
  • Because Revolut is UK‑incorporated, City rules would require a full London listing rather than a secondary one, adding complexity to any dual float.
  • Leaders cite the UK bank launch, still in testing after last year’s authorisation, as a timing consideration, with a new transatlantic taskforce and the Fermi listing watched as potential enablers.