One of Europe’s most important startups, the Revolut, explores a two list in London and New York for Blockbuster Initial Public offering (IPO), Sunday Times reportedIt is mentioned a “Senior City source.”
If this is to continue, the move can be marked for the first time a company is simultaneously listed in New York and joining the London Benchmark FTSE 100, which potentially gives the UK financial center a necessary vote of confidence, the newspaper said.
London -based firm is said to cost about $ 75 billion and accumulate 65 million users worldwide, including 12 million in the UK it started as a prepaid card dedicated to travel and since expanding into stock and Crypto tradingHotel bookings, and business accounts.
Data from Thetie shows that the firm has raised $ 3.77 billion since its launch. The company has been reported looking Raise $ 1 billion with a $ 65 billion appreciation Earlier this year.
CEO Nik Storonsky has pushed for an IPO to allow early investors to come out, and previously removed London as a place due to 0.5% UK tax, known as stamp duty, sharing trading.
Storonsky’s bearing appears to be softened. The new policies introduced this month allow large companies to enter FTSE 100 in just five days of the list, a change that can unlock major demand from index monitoring funds and boosting liquidity.
Storonsky called the UK’s “home country” at the opening of its new headquarters in London last week, an event also attended by Chancellor Rachel Reeves and Revolut Chairman Martin Gilbert, the Sunday Times said.
The company did not comment on the newspaper.
