Revolut Plans 2028 IPO as CEO Bets on Public Trust to Drive Growth
Europe’s most valuable fintech is finally putting a date on its public market debut. Revolut CEO Nik Storonsky has confirmed the company will be ready to go public in 2028, though he noted the listing would ultimately depend on market conditions.
Storonsky made the comments in an upcoming episode of Bloomberg’s The David Rubenstein Show: Peer to Peer Conversations, where he explained why going public means more than just raising capital. “We’re a bank and, for a bank, it’s super important to have trust,” he said. “Public companies are trusted more compared to private companies.”
The Revolut 2028 IPO confirmation arrives as European fintech executives are treading carefully around public listings. Klarna, the Swedish buy now pay later giant, listed on the New York Stock Exchange in September last year, opening at $52 per share, but has since declined sharply, with the stock now trading at around $15. That difficult run has made rival fintechs more measured about when they step into the public spotlight.
Storonsky’s confirmation also signals that Revolut may not be the first major European fintech to list, with Monzo, Starling and Checkout.com also considered strong IPO candidates. The competition among Europe’s top neobanks to reach the public markets is building, even if caution remains the mood.B
Revolut Plans 2028 IPO as CEO Bets on Public Trust to Drive Growth
efore the Revolut 2028 IPO, the company intends to keep rewarding shareholders through secondary share sales. Storonsky said Revolut would likely launch more secondary sales ahead of its IPO, as they tend to happen every one to two years. The company’s last share sale in November valued it at $75 billion, a significant leap from the $45 billion valuation recorded the year before.
Revolut is also pushing hard into the United States. Storonsky told Bloomberg the company is targeting a four-month window for the approval of its US banking licence. He sounded confident about the outcome. “It’s obviously much easier for us given the new administration, plus that we have so many other banking licences, plus we have a banking licence in the UK now,” he said.
Revolut secured its full UK banking licence in March after a five-year process with regulators, a landmark moment that bolsters its credibility as it builds toward what is shaping up to be one of the most anticipated public listings in European tech history.
