Revolut CEO tells Les Echos the company is weighing a London and Nasdaq dual listing
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What happened
Revolut founder and chief executive Nik Storonsky told the French newspaper Les Echos on 17 September 2026 that the company was weighing a dual listing on the London Stock Exchange and Nasdaq. A Revolut spokesperson confirmed the report to Euronews. Storonsky said the United States remained his preference because it was a larger market, with institutional investors, hedge funds, fund managers and many individual investors. Reuters also reported the interview, citing Les Echos.
No date has been set. The spokesperson declined to discuss internal timing and pointed to an April 2026 Bloomberg interview in which Storonsky said "in two years time, but it depends on how good the market is." Euronews noted that in 2024 Storonsky had argued the London exchange could not compete with US venues, citing thin liquidity and the UK's 0.5% stamp duty on share purchases. Euronews also reported that a July 2026 secondary share sale valued Revolut at roughly $115 billion, up from $75 billion the previous November. The sources read did not say which venue would host the primary listing, whether the two listings would happen at the same time, or when formal preparations would begin.
Key points
- Storonsky told Les Echos on 17 September 2026 that Revolut was weighing a dual listing on the London Stock Exchange and Nasdaq.12
- He said the US remained his preference because it was a larger market with more buyers, from institutions to individual investors.1
- No listing date has been set; the company pointed to an April 2026 interview in which Storonsky said "in two years time, but it depends on how good the market is."1
- A July 2026 secondary share sale valued Revolut at roughly $115 billion, up from $75 billion the previous November.1
Why it matters
Euronews described the London and Nasdaq plan as a softening of Storonsky's 2024 position on a home listing. Holders of private shares now have two named venues for a possible listing, though no primary venue or date has been reported.
The July 2026 secondary sale at roughly $115 billion is the most recent price the sources cite. A listing is the step that would replace private marks like that with a traded price.
The only timing the company pointed to is the April 2026 remark that depends on how good the market is, so the sources give holders no firm date for liquidity.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series C | Apr 26, 2018 | $1.7B | $250M | DST Global |
| Series D | Feb 24, 2020 | $5.5B | $500M | TCV |
| Series D extension | Jul 24, 2020 | $5.5B | $80M | Unknown |
| Series E | Jul 15, 2021 | $33B | $800M | SoftBank Vision Fund 2 and Tiger Global Management |
Updated
Fact-check
- On 17 September 2026 Storonsky told Les Echos that Revolut was weighing a dual listing on the London Stock Exchange and Nasdaq, and a spokesperson confirmed the report.Confirmed by [1] Euronews (18 September 2026): Storonsky told Les Echos on Thursday that the group is weighing an LSE and Nasdaq dual listing, and a spokesperson confirmed the report. [2] Reuters could not be opened; its headline reports the same Les Echos interview.Verified
- Storonsky prefers the US because it is a larger market with institutional investors, hedge funds, fund managers and many individual investors.Confirmed by [1] Euronews, which reports this reasoning.Verified
- No listing date has been set; Storonsky said in an April 2026 Bloomberg interview 'in two years time, but it depends on how good the market is'.Confirmed by [1] Euronews: the spokesperson declined to discuss timing and pointed to the April 2026 Bloomberg interview with that remark.Verified
- A July 2026 secondary share sale valued Revolut at roughly $115 billion, up from $75 billion the previous November.Confirmed by [1] Euronews: roughly $115bn (EUR 100bn) in July 2026, up from $75bn (EUR 65bn) in November.Verified
- In 2024 Storonsky argued London could not compete with US venues, citing thin liquidity and the UK's 0.5% stamp duty on share purchases.Confirmed by [1] Euronews, which describes that 2024 position and calls the new plan a softening.Verified
Sources
- [1]Euronews (opens in a new tab)Revolut weighs dual listing in New York and London for its long-awaited IPOwill compete fiercely for our shares
- [2]Reuters (opens in a new tab)Revolut considering dual listing in New York and London, French newspaper Les Echos reports
