Revolut targets $200B valuation for IPO

British neobank Revolut is reportedly aiming for a substantial valuation between $150 billion and $200 billion in its future initial public offering, according to investor sources cited by the Financial Times. This ambitious target follows a recent secondary sale that valued the company at $75 billion, significantly up from its previous $45 billion valuation. Revolut, which recently secured a full UK banking license, has seen impressive growth, with revenue climbing to $6 billion and net profit reaching $1.7 billion in the last fiscal year, serving over 68 million customers. The fintech firm continues its global expansion, seeking licenses in the US and other international markets.