UK Government Woos Revolut Amid Strong Interest in US IPO

Friday, 16 August 2024, 04:00

UK government aims to entice Revolut, as fintech eyes potential US IPO. Following a UK banking licence, Revolut's valuation could hit $45 billion, raising questions about London's appeal.
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UK Government Woos Revolut Amid Strong Interest in US IPO

UK Government's Strategy to Attract Revolut

The UK Treasury is actively working to emphasise London’s financial appeal during planned meetings with Revolut. The banking licence recently granted to this leading fintech opens new avenues for expansion and investment.

Revolut's Potential IPO Plans

Although Revolut is currently focusing on a potential float on the Nasdaq, London’s attractiveness as a financial hub is still under consideration. The valuation of approximately $45 billion raises significant implications for the UK.

  • UK government meetings with Revolut officials are anticipated.
  • Revolut's banking licence boosts its UK operations.
  • Market trends show a growing preference for US listings.

Impact on the London Financial Landscape

While many companies have recently opted for US listings, the debate around London’s competitiveness continues. Business leaders, including Revolut's executives, suggest reforms may enhance London’s market accessibility.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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