Revolut Weighs $75B Dual Listing in London and New York

Revolut, a fintech company with 65 million users, is considering a dual listing in London and New York for its upcoming initial public offering (IPO), as reported by the Sunday Times. If successful, it would mark a significant endorsement for London's financial sector, making Revolut the first firm to be simultaneously listed in New York and join the FTSE 100 Index. The company's valuation is estimated at $75 billion, and it has evolved from offering prepaid travel cards to a wider array of services including stock trading and business accounts. Recent regulatory changes have eased the entry of large companies into the FTSE 100, potentially increasing demand from index-tracking funds. CEO Nik Storonsky, who previously criticized London's high trading taxes, has indicated a readiness to proceed with the IPO, particularly after designating the U.K. as Revolut's 'home country' at the recent opening of its new London headquarters.

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