London‑based fintech Revolut has filed internal targets that could see its initial public offering priced at up to $200bn. The Financial Times cited investors briefed by the company, who expect a valuation range of $150bn‑$200bn when the shares hit the market. Such a figure would clearly cement the firm as Europe’s most valuable scale‑up and reshape the continent’s tech‑banking sector.

Revolut’s most recent private round in November lifted its worth to $75bn, a jump from $45bn just a year earlier, underscoring rapid growth. CEO and co‑founder Nik Storonsky told Bloomberg that a public listing likely won’t occur before 2028, stressing that “trust” matters more for a bank. An incentive pact would add another 10% to his stake if valuation milestones are hit.

If the upper end of the range materialises, Storonsky’s personal fortune would surge, placing him among the world’s wealthiest individuals. Institutional backers are eyeing the deal as a gateway to deeper exposure to Europe’s digital‑banking surge. The IPO target therefore signals both a valuation benchmark for fintech rivals and a test of market appetite for large‑scale, bank‑grade platforms.