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PRESS: Revolut weighs $75 billion dual listing in New York, London

ALN

Revolut is considering a dual listing in New York and London that could value the fintech at around $75 billion.

The Sunday Times reported that a senior City source said the idea of a dual listing for Revolut was being ‘widely discussed’ in financial circles.

If pursued, it would mark the first time a company simultaneously listed in New York and entered London’s FTSE 100 index, where it would rank among the 15 largest firms.

Founder and Chief Executive Nikolay Storonsky has previously downplayed the case for a London IPO, citing stamp duty costs, but recent rule changes mean companies of Revolut’s size can now be fast-tracked into the FTSE 100 in just five days.

At the opening of Revolut’s new London headquarters this month, Storonsky described Britain as ‘our home country’ while Chancellor Rachel Reeves, in attendance at the event, pledged to make the UK ‘the best place to do business.’

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