Revolut Stock: Will Revolut IPO in 2025?

Explore ways to own Revolut stock as the company approaches its IPO date. Invest in pre-IPO startups like Databricks, OpenAI, and Canva, via the Fundrise Innovation Fund.

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Notable Revolut News

02/27/2025: Revolut to Consider Share Sale at $60 Billion Val
02/19/2025: Revolut’s Road to IPO Will Test Fintech’s Hype
08/16/2024: Revolut share sale values it at $45 billion
07/25/2024: Revolut secures UK banking license after 3-year battle
Older news…

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About Revolut

Revolut is a fintech startup, neobank, and financial “everything app” based in London. Its mission is “to simplify all things money.”

It offers banking services in the U.K. but is not an approved bank covered by the Financial Services Compensation Scheme (FSCS). FSCS is the U.K.’s equivalent to the U.S. Federal Deposit Insurance Corporation (FDIC).

Revolut partners with banks to provide banking servicing via its technology platform. 

Services provided include savings, checking, lending, credit cards, stock trading, cryptocurrency trading, currency trading, commodities, business payments, and international transfers. It partners with Cross River Bank for banking services. 

Revolut is London-based but offers services in the European Economic Area (EEA, 30 countries), Australia, New Zealand, Singapore, Switzerland, Japan, Brazil, the United Kingdom, and the United States. 

It plans to launch in more countries worldwide to make global financial transactions seamless and borderless.

The company competes with U.S. fintechs such as Chime and companies with global aspirations like Circle. Alongside Klarna, Revolut is one of the largest and most noteworthy startups in Europe.  

Ownership

Revolut is a venture-backed startup, counting several venture capital firms as investors. The founders, Nikolay Storonsky and Vlad Yatsenko retain equity, and employees make up the balance of equity owners. 

The company has a long list of venture capital investors, including DST Global, Index Ventures, Ribbit Capital, Lakestar, Softbank, Tiger Global, TCV, GP Bullhound, Balderton Capital, and Schroders.

Revolut’s latest and most significant funding round was completed in July 2021 at the height of the IPO and private fundraising frenzy. It raised $800 million in a Series E funding round. 

Funding Rounds

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Valuation

The last confirmed Revolut valuation is $33 billion based on the Series E funding round completed in July 2021.

However, the company announced in August 2024 that a private share sale has established a new valuation of $45 billion.

Another share sales is expected in 2025 which could set the private Revolut valuation at $60 billion. But its unclear if that valuation would hold up in a public debut. 

Given the recent decline in public fintech valuations and pre-IPO marketplace data, the true valuation is still likely below its Series E valuation. 

The pre-IPO marketplace Caplight pegs the estimated Revolut valuation at about $35 billion and growing, as of September 2024. 

IPO Potential

The Revolut IPO date has yet to be determined. The company has not yet filed publicly for an IPO.

A February 2025 report indicated the company was considering a tender offer at a $60 billion valuation. This would likely delay an IPO. 

Fintech companies have suffered significant down funding rounds. Revolut may be apprehensive about an IPO until a fair, private valuation is established before seeking a public listing. 

In May 2024, Revolut partnered with Morgan Stanley to coordinate the sale of $500 million to provide liquidity to employees. This event may take the heat of management to conduct an IPO. 

Leadership has said the company would conduct its IPO in the U.S. due to less stringent regulation and better liquidity. 

We may get clues about a potential Revolut IPO date if the company hires an underwriter, files an S-1 confidentially, or if reporting discloses a Revolut IPO date range. 

Revolut will be required to file an F-1 with the U.S. Securities and Exchange Commission (SEC) to kick off the IPO process. 

How to Invest in Revolut Stock

Buying pre-IPO companies involves complications and challenges because shares do not trade on exchanges. Most individuals will need to wait until the IPO to invest when companies are publicly traded. 

That said, there are a few ways retail investors can access shares of pre-IPO companies or invest during the IPO. 

Here are some potential options to own Revolut stock before, during, and after the IPO.

1. Access Revolut Stock Pre-IPO

Pre-IPO investment platforms may offer Revolut stock as early employees and other investors seek to liquidate shares before the Revolut IPO.

Accredited investors may access shares directly, provided they are registered on the platform and receive notifications about their availability.

The SEC requires direct pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).

If shares become available, expect to pay at least a $10,000 investment minimum. It’s free to sign up for data and deal alerts. 

Pre-IPO investment platform memberships are free, but deal-specific minimum investment amounts may apply and vary.

Non-accredited investors can sidestep the SEC requirements and own pre-IPO companies via venture capital funds targeted to retail investors.

The Fundrise Innovation Fund (review) is the most promising of these funds for patient, long-term investors. The Fund owns multiple pre-IPO starts for an added layer of diversification.

Fundrise intends to grow this portfolio slowly and aims to offer investors long-term returns that outpace the stock market. 

Revolut is not a current holding in the Fund. However, the company has indicated that financial technology (fintech) companies will be a foundational target sector.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Participate in the Revolut IPO through a broker

When a company goes public, in-the-know investors can sometimes buy the stock during the IPO at the IPO price.

Traditionally, only Wall Street’s top customers could invest in IPOs. But now, retail investors can access IPOs through multiple participating discount brokers. 

Many online brokers (like the ones listed below) allow investors to invest in IPOs for free, even if they have limited funds in their accounts.

• TradeStation 
  
• Robinhood 

Brokers negotiate exclusive access to IPO shares. The chances of getting access to specific high-demand IPOs increase by the number of brokerage accounts you have. 

TradeStation and Webull have more established track records of accessing more than 360 IPOs and secondary offerings via their partnership with ClickIPO. 

But Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Buy the stock after the Revolut IPO

Waiting for the IPO has advantages, such as access to more established financials after the first quarter of trading. Pre-IPO investing has limited financials.

IPOs often start with high stock prices, but valuations often fall after the first and second-quarter earnings reports expose significant numbers and trends.

For example, in 2021, Rivian and Robinhood were high-flying IPO stocks but fell more than 80% below their peak stock prices just six months after their respective IPOs.

Stock price declines can be excellent entry points for recent IPO stock. Avoid buying overvalued shares immediately after the IPO due to lockup expirations and earnings disappointments.

However, the most disruptive companies may perform better over a decade, so patience is key.

4. Participate in the Revolut Directed Share Program (Customers)

One last possibility (far from a certainty) is a directed share program.

Sometimes, when companies file their F-1 SEC filing (to begin the IPO process), they include a directed share program for executives, affiliates, and other people who helped it grow.

Since Revolut can attribute its success to its customers and is a fintech with its own online brokerage, the company may consider offering IPO shares to customers. 

This has happened before. Most notably, Robinhood offered IPO shares to 22 million customers, though only about 300,000 requested shares. 

Revolut is in the same business and could replicate the customer benefit by building its own IPO investing platform or partnering with a third-party platform such as ClickIPO.

Bookmark this page for more information as the IPO approaches. 

Frequently Asked Questions (FAQs)

Will Revolut IPO in the U.K. or U.S.?

Revolut will likely conduct its IPO on a U.S. stock exchange. 

In May 2023, Revolut co-founder and CEO told The Times of London that the company would never consider an IPO on the London Stock Exchange due to “complex and unclear regulatory requirements.”

He stated:

It’s hard to do business in the U.K.; the exchange is much less liquid, so I just don’t see the point. 

In a related report published by Bloomberg, he is said to have stated that Revolut will IPO in the U.S. 

However, there is no evidence the company is moving forward with plans for a public offering. 

Is Revolut Publicly Traded?

No. Revolut is not publicly traded.

What is the Revolut stock price?

A public Revolut stock price does not exist. It’s a private company. 

Private stock price information is becoming more available and reliable based on pre-IPO marketplace data and other sources. 

However, the stock price is only the value of one share. Like public companies, the underlying valuation metrics, revenue, profitability, and market sentiment toward private companies are more significant factors than the share price.

What is the Revolut stock symbol?

We’ll learn about the Revolut stock symbol if and when the company pursues a U.S.-based IPO. The Form F-1 filing with the SEC will contain the information.

The company has not indicated it is ready or interested in a traditional IPO. However, we can speculate about what the Revolut ticker will be.

Potential Revolut stock symbols include:

• REV
• RVLT
• RV

Where is the Revolut IPO SEC Filing?

Company leadership has indicated it would prefer its IPO to happen in the U.S. But there is no evidence of a confidential filing as of late 2023. 

The document will become available if the company submits filings to the SEC and the regulatory commission approves and releases it to the public. 

We’ll post a copy of the F-1 filing on this page when it becomes available.  

You can monitor the most recent F-1 and S-1 IPO filings on this webpage.

Does Revolut offer customers IPO access?

No.

However, if Revolut builds IPO access into its investing platform, it could offer shares of its IPO to its customers, as Robinhood did during its IPO.

This is speculative. I have not found any clues about Revolut offering IPO access to customers. 

Revolut News Archive

05/18/2024: Employees at Revolut to cash in with $500m share sale
04/24/2024: Revolut plans to hire 1,500 staff by end of year
04/15/2024: Revolut Valuation Raised 45% By Schroders
12/22/2023: Revolut revenue jumps, profit tumbles
05/05/2023: Founders Criticize U.K., Say Won’t Consider London IPO
01/19/2022: Revolut launches stock trading in the U.S.
07/15/2021: Revolut confirms $800M Series E at a $33B valuation
02/24/2020: British fintech Revolut hits $5.5 billion valuation
04/26/2018: Revolut raises $250m at $1.7b valuation

Additional Resources

• 11 Fintech startups in the IPO Pipeline

Conclusion

Investors get enthusiastic about investing in companies when they are happy customers. 

But buying the stock of a non-public company is far more challenging than normal stock investing. 

Pre-IPO platforms now provide investors more with investment opportunities. But venture capital investment is still primarily reserved for the ultra-wealthy and VC firms. 

When pursuing IPO shares or early equity in companies like Revolut, maintain reasonable expectations that you may not discover any opportunities to invest in Revolut stock. 

Invest in pre-IPO and IPO companies with caution. Good luck if the Revolut IPO is on your watch list.