Revolut CEO Eyes 2028 IPO as Valuation Soars

Revolut Chief Executive Officer Nik Storonsky has pushed back the digital bank's anticipated initial public offering to 2028, citing the need to build trust through public market status while continuing aggressive international expansion.

In an interview with Bloomberg, Nik said the company was still "two years away" from an official IPO. His comments come as Revolut's valuation continues to climb, with the November 2025 secondary share offering valuing the business at $75bn.

"We're a bank, and for a bank, it's super important to have trust. Public companies are trusted more compared to private companies," he added.

Nik told Bloomberg that Revolut will launch more secondary share sales before announcing an IPO, as it generally does transactions every one to two years. In the same interview, he added that secondary deals generate liquidity for early investors and employees, allow Revolut to stay private for longer and have generally raised its valuation.

Revenue growth supports ambitious targets

Revolut's financial trajectory makes the two-year IPO window plausible. The company generated $4bn in revenue and $1.4bn in pre-tax profit in 2024, up 72% and 149% respectively year-on-year.

For 2026, management has projected $9bn in revenue and $3.5bn in net profit, figures that would make it one of the most profitable fintech companies globally.

Revolut serves more than 70 million customers across 100 countries and holds banking licences in multiple jurisdictions, including Lithuania, the UK and Mexico, where it launched full banking operations in January 2026.

The company's secondary share offering in November 2025 values the company at $75bn, making it one of the most valuable private technology companies with one of the largest customer bases in the world.

US expansion drives valuation strategy

As Revolut's valuation has grown, the company has accelerated its international expansion plans. In March 2026, Revolut filed a national bank charter application with the US Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

Nik said that a US licence is important for Revolut's production ambitions: "Filing for a national bank charter is a major milestone toward our vision of building the world's first truly global banking platform. This charter will give us the direct control needed to innovate faster and deliver the Revolut experience to millions more Americans as we move toward our goal of 100 million customers."

Revolut's valuation trajectory affects its IPO strategy. On 25 February, Bloomberg reported that Revolut is weighing another secondary share sale in the second half of 2026, potentially pushing the company's value above $100bn.

Investors and bankers have been watching Revolut's funding efforts, with speculation that the firm is aiming for an eventual IPO valuation of at least $150bn, a figure that would make the digital bank more valuable than Barclays, Deutsche Bank and Société Générale combined.

Nik, who currently holds approximately 29% of the company, also holds an incentive package, modelled on Elon Musk's Tesla deal, which would give him additional share grants if the company reached $200bn in valuation.