Global fintech giant Revolut has reached a $115 billion valuation following a secondary share sale. This update highlights the company's scaling efforts ahead of a planned 2027 U.S. bank launch and potential 2028 public listing, though the firm remains private and is not currently trading on public stock exchanges.
Fintech major Revolut has reached a valuation of $115 billion following a secondary share sale involving major institutional investors. This transaction, which occurred on November 4, 2026, allowed existing shareholders and employees to sell their stakes to firms such as Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford.
For investors, it is important to note that this was a liquidity event, meaning existing stakeholders cashed out part of their holdings. It did not involve a fresh injection of capital into the company's bank accounts. Revolut remains a private company, meaning it is not listed on any public stock exchange in India or abroad. Retail investors cannot buy or sell its shares through standard stock brokerage accounts.
The valuation surge highlights the firm's growth trajectory as it pursues a significant expansion into the United States. Revolut has secured conditional approval from the U.S. Office of the Comptroller of the Currency to launch banking operations by the first half of 2027. Successfully entering the U.S. market is a key strategic goal, though this timeline is subject to final regulatory approvals from the FDIC and the Federal Reserve.
Financially, the company has shown a shift toward consistent profitability. In 2025, Revolut reported revenue of $6 billion and a pre-tax profit of $2.3 billion, reflecting a 38% pre-tax margin. This performance differentiates the firm from many other high-growth fintechs that often struggle with consistent earnings. The business-banking division is playing a central role in this success, currently contributing roughly 20% of the company's gross profit. The company aims to increase its base of corporate clients from 800,000 to one million by 2027.
While the current valuation provides a benchmark for the business, investors should understand that private market valuations can behave differently than public stock prices. These valuations are based on private negotiations and do not face the same daily price discovery mechanisms as publicly traded companies. The company leadership is currently targeting an initial public offering (IPO) no earlier than 2028.
The primary risks for the business remain regulatory and execution-focused. The upcoming U.S. banking launch is a major undertaking that will require strict adherence to U.S. financial regulations. Additionally, any plans for a public listing in 2028 will depend heavily on broader market conditions and the company’s ability to maintain its growth and profit margins in a competitive global fintech environment. For now, the next monitorable updates will be the progression of regulatory approvals for its U.S. banking charter and the expansion of its business banking services into new regions like India, Brazil, and Mexico.