Revolut Considering Dual Stock Market Listings in London and New York
Revolut is exploring the possibility of a dual stock market listing on both the London Stock Exchange (LSE) and Nasdaq. The digital bank, valued at $115 billion, had previously avoided committing to an UK float due to concerns over liquidity and stamp duty costs but has now opened up about considering London for its IPO. Founder Nik Storonsky emphasized that while a London listing would be beneficial, he still favors the U.S. market because of its size and potential investor interest. A dual listing could significantly boost confidence in the UK stock market, which has struggled with declining listings and company exits. Revolut's founder previously dismissed the idea due to stamp duty costs but now sees a London float as viable under certain conditions. The company received a full UK banking license earlier this year after applying in 2021. Storonsky also highlighted that any listing would depend on market conditions and could happen by 2028 at the earliest.
Tickers: $BARC
Topics: digital banking London Stock Exchange (LSE) Nasdaq Revolut stock market listing