Revolut hits $115bn valuation, targeting $200bn 2028 IPO
Revolut has reached a $115 billion valuation in a secondary share sale, cementing its status as Europe’s most valuable private tech company and setting the stage for a potential blockbuster 2028 listing.
Revolut is conducting a secondary share sale for employees that values the financial technology company at $115 billion. Internal communications put the price of individual shares at $2,017 during the current round. This figure represents a dramatic acceleration from the $75 billion valuation assigned during a similar employee sale just last November.
The rapid repricing signals immense private market confidence in the financial superapp, even as broader technology valuations face periodic public market scrutiny. A company spokesperson confirmed the process is active but declined to detail specific figures or timelines. "We can confirm that a secondary share sale process is underway," the spokesperson said. "As is standard, we won't comment on the details while the process is ongoing, and we'll provide an update once it has completed."
For European investors and the broader technology ecosystem, this specific valuation trajectory is highly significant. Just two years ago, Revolut was valued at $45 billion, meaning its perceived market worth has roughly tripled in a remarkably short period. This escalation vastly outpaces typical European fintech growth rates and firmly establishes the company as the continent's most valuable private tech enterprise by a wide margin.
Furthermore, this latest private pricing brings the business much closer to an ambitious internal benchmark ahead of a public debut. Revolut has set a $200 billion target for a potential initial public offering slated for 2028. Achieving over half of that goal in a private transaction suggests the company's leadership believes current revenue and user expansion can justify a massive public market premium within the next four years.
The soaring valuation will also generate extraordinary personal wealth for the company's leadership. Under a specific incentive agreement, cofounder and chief executive Nik Storonsky stands to see his personal stake in the business increase by an additional 10 percent if certain company valuation goals are met. Reaching the $115 billion threshold triggers those conditions, positioning Storonsky to become one of the wealthiest individuals globally.
