RevolutRevolut Confirms It’s Weighing a Dual Listing on Nasdaq and the LSE

London, 21 September 2026 — EBM Newsdesk Analysis — By Anthony Gill 

Nik Storonsky has confirmed publicly for the first time that Revolut is considering a dual listing on the London Stock Exchange and Nasdaq. But that does not mean the fintech has decided to pursue one. No listing venue, structure or timetable has been finalised, and Storonsky remains clear that the US is his preferred market.

Speaking to French newspaper Les Echos on 17 September, Revolut’s founder said the US offered a much larger pool of potential investors. “It’s a larger market,” he said, pointing to the depth of institutional investors, hedge funds, fund managers and individual investors in America. His message was blunt: Revolut would have far more potential buyers for its shares in the US than in London.

That marks a notable change in tone from 2024, when Storonsky argued that London could not compete with American markets. But there is an important difference between becoming more open to London and actually choosing London. For now, the company is keeping both options available, while its founder continues to favour Nasdaq.

The stakes are high. A secondary share sale in July valued Revolut at around $115 billion, up from $75 billion in November. Storonsky is also reportedly preparing a new employee incentive scheme based on a potential future valuation of as much as $500 billion. At its current valuation, a London listing would immediately make Revolut one of the UK’s biggest listed companies, larger than both Barclays and NatWest.

The timing, however, remains uncertain. Storonsky has previously suggested a listing could happen within “two years”, while more recent expectations have pointed towards around 2028. Even that should not be treated as a fixed deadline: Revolut has yet to settle the venue or structure, and any eventual flotation will depend on market conditions.

For now, much of Revolut’s attention has been on building the regulatory infrastructure that would support a future public listing. The company secured its full UK banking licence in March, followed by a French banking licence in August and conditional approval for a US national bank charter in September. That US approval came just six weeks after the OCC rejected a similar application from UK rival Wise over anti-money-laundering deficiencies.

The regulatory progress matters independently of where Revolut eventually lists. It strengthens the company’s position as it expands from fintech into areas traditionally dominated by banks, while giving it a deeper foothold in both European and American financial markets.

The potential listing also matters beyond Revolut itself because of what it would say about London’s ability to retain major technology companies. EBM has tracked the growing number of major companies choosing New York over London, including Flutter and CRH, while Wise has also shifted its primary listing to New York.

Against that backdrop, the possibility of Revolut listing in London — even as part of a dual listing — would be significant. But it would be premature to describe the company as having chosen London. Storonsky’s comments suggest that the US remains the preferred destination, with London still being considered rather than selected.

For the UK market, that distinction matters. Revolut is one of Britain’s most valuable privately held technology companies, and its eventual decision will be watched closely as another test of whether London can persuade high-growth businesses to list domestically.

For now, however, there is no final decision to announce. Revolut has kept London in the conversation, but Storonsky has made clear that Nasdaq remains his first choice.