Revolut Delays IPO to 2028 as US Charter Effort Continues

TLDR

• Revolut CEO Nik Storonsky said the company will not pursue an IPO before 2028.
• He confirmed that the public listing remains at least two years away.
• Revolut recently secured its full UK banking license after a five-year regulatory process.
• The company has applied again for a US bank charter to access Federal Reserve payments.
• The US license would allow Revolut to offer loans and credit cards directly to customers.

Revolut will not pursue a public listing before 2028, according to Chief Executive Nik Storonsky. He confirmed that the company plans to stay private for at least two more years. Meanwhile, Revolut continues to expand its banking footprint in the United States and the United Kingdom.

Revolut Delays IPO While Strengthening Banking Credentials

Nik Storonsky addressed the company’s listing plans during an interview with David Rubenstein. He said an initial public offering remains “at least two years away,” and he confirmed that the timeline has not changed. Therefore, any potential market debut would take place in 2028.

He stated that the company does not face pressure to accelerate the listing process. Instead, management plans to focus on operations and regulatory progress. Storonsky also said that as a bank, “it’s super important to have trust,” and he linked that goal to long-term planning.

Revolut secured its full UK banking license after a five-year regulatory process. The approval allows the company to operate as a fully licensed bank in its home market. As a result, it can expand traditional banking services under direct supervision.

The firm also renewed efforts in the United States. Last month, it applied for a US bank license that would provide Federal Reserve payment access. That charter would also allow the company to issue loans and credit cards directly to American customers.

Secondary Sales and Financial Growth Support Private Runway

Before pursuing an IPO, Revolut plans to consider more secondary share sales. The company uses these transactions to provide liquidity to employees and early investors. It typically conducts a secondary offering every one to two years.

The most recent secondary sale closed in November at a $75 billion valuation. That figure rose from $45 billion recorded a year earlier. Bloomberg reported in February that the company may consider another secondary transaction in 2026.

Nvidia and Coatue Management rank among Revolut’s leading backers. These investors supported the company during recent funding rounds. However, management continues to prioritize private market flexibility over immediate public exposure.

Revolut reported about $6 billion in revenue for 2025. Profits climbed 57% year over year to nearly $2.3 billion. The company marked its fifth consecutive profitable year.

It ended 2025 with more than 68 million customers across 40 markets. The platform also offers trading access to over 300 digital tokens. This feature places Revolut among the more crypto-friendly banking platforms in Europe.

Storonsky reiterated that trust remains central to the company’s strategy. He emphasized operational strength before any public listing. The company continues to evaluate secondary share options as it targets a potential IPO in 2028.