Revolut is considering a dual listing in London and New York, potentially valuing the company at $75 billion. This move could make it the first company to join the FTSE 100 while listing in New York simultaneously. Recent UK regulatory reforms may be influencing this decision, with the company serving 65 million users globally.
Revolut’s potential dual listing would position it among the most valuable companies on the London Stock Exchange, with a market cap of around £55 billion. Founder Nik Storonsky has hinted at openness to a London debut if conditions improve. Recent regulatory changes could facilitate Revolut’s fast-track entry into the FTSE 100 within five days.
Despite previous criticisms of London’s listing environment, Revolut has shown interest in the UK, with Storonsky referring to it as “our home country.” The company’s chairman attended a meeting during President Trump’s state visit, where a transatlantic taskforce was announced to encourage dual listings.
In the crypto space, BitGo has filed for an initial public offering, becoming the first dedicated crypto custodian to pursue a listing on a US stock exchange. This move comes amidst a wave of momentum for crypto-related public offerings, with notable listings like Circle and Etoro making headlines.
Figure Technology Solutions Inc., a blockchain-focused lending platform, recently raised $787.5 million in its IPO. The San Francisco-based company, backed by Ribbit Capital, sold 31.5 million shares at $25 each, valuing the firm at approximately $5.3 billion. This move reflects strong investor demand in the market for blockchain-focused companies.
Read more at Yahoo Finance: Revolut Eyes Dual London-New York IPO at $75B Valuation: Report
