Revolut targets $200B valuation in 2028 IPO

Neobank Revolut, which provides cryptocurrency and crypto-related stock investment services, is targeting a valuation of up to $200 billion in its planned 2028 initial public offering (IPO), CoinDesk reported, citing the Financial Times. The company has applied for a banking license from the U.S. Office of the Comptroller of the Currency (OCC) and plans to gradually increase its valuation through an additional share sale this year.