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Revolut Builds $200 Billion IPO Case on Record Profits

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Revolut Builds $200 Billion IPO Case on Record Profits

Revolut has told investors it is targeting a valuation of $150 billion to $200 billion for a future initial public offering (IPO), the Financial Times reported on Tuesday.

The London-based fintech, which was valued at $75 billion in a secondary share sale last November, would not seek a stock market listing before 2028. No formal valuation target has been set, a source close to the company told the FT.

Revolut Eyes Up to $200 Billion Valuation in Future IPO

The company’s financial performance supports the ambition. Revolut’s pre-tax profit hit a record £1.7 billion ($2.3 billion) in 2025, a 57% increase from the prior year.

Revenue climbed 46% to £4.5 billion as its retail customer base grew 30% to 68.3 million.

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Reports also indicate that Revolut is preparing for a secondary share sale in the second half of 2026. That transaction could value the company at around $100 billion, laying a stepping stone toward the IPO target.

Co-founder Nik Storonsky said in December that his personal stake would be worth roughly $80 billion if the company reached a $200 billion valuation.

Banking Licenses Fuel Global Expansion

Revolut received a full UK banking license from the Prudential Regulation Authority in March 2026, ending a years-long application process.

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The license allows the crypto-friendly fintech to offer lending, savings, and credit products to UK customers.

The company also applied for a US banking license with the Office of the Comptroller of the Currency (OCC) in early March.

If approved, Revolut would operate more like a traditional bank in the world’s largest economy.

Can Revolut justify a $200 billion price tag? This may hinge on how quickly it converts new banking powers into lending revenue and grows its US footprint before any listing.

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Crypto World

Bitcoin Short Squeeze Bets Return With Market ‘Heavily Short and Bearish’

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Bitcoin Short Squeeze Bets Return With Market 'Heavily Short and Bearish'

Bitcoin (BTC) sought to match ten-week highs on Tuesday as market participants bet on a new short squeeze.

Key points:

  • Bitcoin is due a fresh short squeeze as funding rates uniquely stay negative as price grinds higher, say market pundits.

  • Short-term targets include a trip to $85,000 in the coming weeks.

  • Bitcoin bulls still need to clear the nearby 21-week trend line keeping price pinned since October 2025.

“Cannon is loaded” for Bitcoin short squeeze

Data from TradingView showed BTC/USD approaching $77,000 for the first time this weekly candle.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

A slight comedown into the Wall Street open meant that price continued to coil below a large area of resistance.

Mixed signals over the US-Iran war continued on the day, with Iran denying that its delegations had arrived in Pakistan for a new round of negotiations with the US. As Cointelegraph reported, markets offered only a muted reaction to the latest closure of the Strait of Hormuz oil route.

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Among Bitcoin traders, a sense of cautious optimism was slowly growing.

“A period of consolidation, but clearly upwards pattern,” crypto trader Michaël van de Poppe wrote in an X post

“This means that there’s likely more upside to come for Bitcoin towards the $85,000 area.”

Van de Poppe gave a time frame of “two to three weeks” for that level to come into focus, reiterating earlier comments about Bitcoin’s correlation with the Nasdaq.

BTC/USDT 1-day chart. Source: Michaël van de Poppe/X

Others focused on ongoing negative funding rates on exchanges, despite price rising.

“We’ve never actually gotten one when the chart was grinding up. NEVER. It only occurred during the local BOTTOMS,” trader Osemka noted on X alongside charts showing past negative funding periods.

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Osemka suggested that “something is brewing beneath” the surface, just as BTC/USD eyed a reclaim of lost support.

Binance BTC/USDT futures 1-day chart. Source: Osemka/X

Responding, crypto market intelligence platform Decode agreed, seeing the potential for another short squeeze.

“What this tells you is that the market is heavily short and bearish, and Bitcoin is setting up for a short squeeze. The cannon is loaded, bulls just need to light the fuse…,” it told X followers.

CME gap thins with BTC up against resistance

Multiple lines in the sand for bulls lie immediately above the spot price.

Related: Bitcoin can grow ‘probably a lot bigger’ than $30T+ gold market — Analysis

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These include the 21-week exponential moving average (EMA), true market mean, and average buy-in price for investors of the US spot Bitcoin exchange-traded funds (ETFs).

BTC/USD one-day chart with 21-week EMA. Source: Cointelegraph/TradingView

Trader Daan Crypto Trades observed that price had also filled the latest weekend “gap” in CME Group’s Bitcoin futures market.

“$BTC Closed a big part of the gap from this weekend but still not everything. Market still just following the headlines and no $STRC raises for now. So we will just patiently wait and see,” he commented.

CME Bitcoin futures one-hour chart. Source: Daan Crypto Trades/X