Revolut is considering dual listing options in London and New York - The Times

Fintech company Revolut is considering the possibility of dual listing - simultaneously in New York and London, wrote the British The Times, citing sources. Such an idea is being "widely discussed" in financial circles, a senior City source told the publication. According to the newspaper's source in Revolut, the company's founder Nikolay Storonsky said that the company will go on the stock exchange in London if there are more favorable conditions there. While earlier the businessman was skeptical about the placement in the UK and said it would be "irrational," The Times recalls.

If dual-listed, the IPO will go down in history as the first time an issuer has simultaneously listed on the New York Stock Exchange and been included in London's flagship FTSE 100 index, the publication said. This is possible thanks to changes that came into effect in September - companies of this size can now be included in the index on an accelerated basis within just five days. At a valuation of about 55 billion pounds ($75 billion), Revolut could be among the top 15 most expensive players in the British market.

However, as The Times notes, "it doesn't look like Revolut is rushing into an IPO." It is now selling employee shares and, according to Bloomberg, is planning to buy back securities from its investors, but at a lower valuation of $45 billion.

Revolut did not provide a comment to The Times.

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