Revolut CEO Pushes IPO Timeline to 2028 Company Follows US Charter

Nik Storonsky has never been in a rush to take Revolut public, and in an interview with David Rubenstein he made it clear that nothing has changed.

The CEO of Europe's most valuable fintech told Rubenstein that an IPO is at least “two years away,” pushing any potential listing to 2028 and dashing hopes among investors that the company could float sooner.

Revolut is a bet on US banking expansion. Last month, the company applied for a bank license that would allow it to access direct Federal Reserve payments and offer loans and credit cards to U.S. customers.

Following the application, its second attempt, Revolut said it had obtained its full UK banking licence. After five years with British regulators, the company is now a fully licensed bank in the domestic market.

“Trust is extremely important,” says Storonsky, as a banker.

Before any IPO, Revolut will evaluate an additional secondary sale, which the company uses every one to two years to leverage employee and previous investor liquidity to extend its private market runway.

The most recent second round, which closed in November, put the price at $75 billion, up from $45 billion a year ago. The upcoming secondary transaction is reportedly being considered for 2026, according to a February report by Bloomberg. Nivea and Coatu Management are among the company's top backers.

Revolut offers trading access to more than 300 digital tokens on its platform, making it one of the most crypto-friendly banks in Europe.

The company has forecast revenue of roughly $6 billion for 2025, with profits up 57% year-over-year to about $2.3 billion, marking five consecutive years in the black. The company ended the year with more than 68 million customers in 40 markets.