No IPO For Revolut This Year, CEO Points To 2028

London-based fintech signals no listing this year as it considers further secondary share sales to reward investors and staff, while accelerating global expansion and pursuing a U.S. banking licence that could unlock direct access to Federal Reserve payment systems

Revolut plans to delay a stock market listing until at least 2028, Impact Newswire can confirm.

“Two years away,” Chief Executive Nik Storonsky told Bloomberg on Tuesday.

The comments suggest the London-based digital bank is not preparing for a listing this year, while signalling it does not intend to remain private indefinitely.

“We’re a bank, and for a bank, it’s super important to have trust. Public companies are trusted more compared to private companies.”

Storonsky said the company may pursue additional secondary share transactions before any IPO, adding that Revolut typically conducts such deals every one to two years.

These transactions provide liquidity to early investors and employees, allow the company to stay private longer and have often supported higher valuations.

Back in February, Revolut was considering another share sale this year. A secondary transaction completed in November valued the fintech firm at $75 billion.

Alongside its rising valuation, Revolut has been expanding internationally. The company recently applied for a U.S. banking licence and appointed former Visa executive Cetin Duransoy to lead its U.S. operations.

Revolut has operated a limited U.S. business since 2020, relying on partner banks to serve customers. It had explored applying for a U.S. licence in 2021 but paused the effort to focus on securing regulatory approval in Britain, which it obtained in March.

Storonsky said approval for a U.S. bank licence could take up to a year, although the company’s “official target” for securing the charter is four months.

Regarding the gaining of U.S. approval, he added: “It’s obviously much easier for us given the new administration, plus that we have so many other banking licenses, plus we have a banking license in the UK now.

“So for us it became much easier, compared to two years ago.”

The company has also applied for an operating licence in South Africa, hoping to serve the whole continent.

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