Revolut, one of Europe’s most valuable fintech companies, won’t go public until at least 2028, according to its co-founder and CEO Nik Storonsky.
In an interview with David Rubenstein for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations, Storonsky said a potential initial public offering (IPO) is “two years away.”
This pushes back expectations for one of the continent’s most anticipated listings and extends a timeline he had previously described as “two to three years” in a December 2025 interview.
The London-based digital bank, which offers banking, investing, crypto, and payments services to tens of millions of customers globally, has long been viewed as a prime IPO candidate. However, Storonsky made clear that the company is in no rush.
Revolut has delivered impressive financial results in recent years, providing a solid foundation for an eventual public debut.
In 2025, the company reported record pretax profit of $2.3 billion (£1.7 billion), up 57% from 2024, on revenue of about $6 billion. That followed 2024’s performance of $1.4 billion in pretax profit and $4 billion in revenue. Management has projected even stronger figures for 2026, targeting around $9 billion in revenue and $3.5 billion in net profit.
The fintech now serves more than 65 million customers worldwide and continues to expand its product offerings, including lending and business banking services.
Despite this momentum, and a $75 billion valuation secured in a secondary share sale in November 2025, Storonsky said that going public remains a future goal rather than an immediate priority.
He noted that Revolut may conduct additional secondary share sales in the meantime, as these have occurred roughly every one to two years and provide liquidity for employees and early investors.
A preference for the US
Storonsky has repeatedly signaled a preference for listing in the United States, likely on Nasdaq, citing deeper liquidity, higher valuations for tech and fintech companies, and the drawbacks of London’s 0.5% stamp duty on share dealings.
A US IPO could also help Revolut advance its ambitions in the American market, where it is still working toward obtaining a full banking charter.
The CEO stressed that the final timing would depend on overall market conditions. Recent examples, such as Swedish buy-now-pay-later firm Klarna facing challenges after its public listing, may have contributed to a more cautious approach among European fintechs.
Revolut’s path contrasts with peers like Monzo and Starling Bank, which are also preparing for potential listings, but the company’s size and global reach make its debut particularly significant for London’s fintech ecosystem and the broader European tech scene.
For private investors and employees holding Revolut shares, the extended timeline means continued reliance on secondary sales for liquidity. Public market investors, meanwhile, will have to wait longer for a chance to buy into one of Europe’s biggest fintech success stories.
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