What happened?
Revolut is reportedly exploring a dual listing in London and New York that could value the company at about $75 billion. If it goes ahead, it would be the first firm to enter the FTSE 100 while also listing in New York. The move follows recent UK regulatory changes and growing political support that have made a London debut more attractive.
Who does this affect?
This would affect Revolut’s 65 million customers and its 12 million UK users by potentially giving the company more capital to expand services and products. It also matters to UK and US investors, index funds and FTSE-listed companies because a big dual listing would change index composition and fund flows. Competitors, employees and partners would feel the competitive pressure and could see strategic shifts as Revolut gains more public market resources.
Why does this matter?
A dual listing at a $75 billion valuation would be a major signal that London can still attract big fintech IPOs and could draw more listings and capital to the UK markets. It would likely trigger large passive inflows from index trackers, boost market liquidity, and shift investor allocations between US and UK exchanges. Overall, the move could accelerate crypto and fintech IPO momentum and affect valuations and deal activity across the sector.