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Revolut CEO: IPO may be delayed until 2028, actively pursuing U.S. banking license application
Odaily Planet Daily News: Revolut CEO Nik Storonsky stated that the company’s IPO will take at least two more years, potentially delayed until 2028, with no plans for an IPO in the short term. He pointed out that Revolut is currently focusing on expanding into the U.S. market, including applying for a banking license to access the Federal Reserve payment channels and to expand its lending and credit card businesses. Meanwhile, the company has already obtained a full banking license in the UK.
Before going public, Revolut will continue to provide liquidity to employees and early investors through regular secondary market financing. The company’s latest valuation is approximately $75 billion, with projected revenue of about $6 billion in 2025, and net profit growing 57% year-over-year to around $2.3 billion. The user base has exceeded 68 million. (Crypto Briefing)