Revolut explores dual listing on London Stock Exchange and Nasdaq
- Reports
- 6
- Developments
- 2
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Revolut is exploring a dual stock market listing in London and New York. Nik Storonsky, the founder of Revolut, stated that the firm prefers the United States for a potential initial public offering. He also criticized the UK's capital markets, citing stamp duty tax and arguing the UK market cannot compete with US liquidity.
Why it matters
The consideration of a dual listing by a major fintech firm highlights the competitive landscape between UK and US capital markets. A London listing would be a major benefit to the London Stock Exchange, potentially making Revolut one of the UK’s largest public companies.
A group is considering listing its European business on the London Stock Exchange via IPO.
Who's involved
- RevolutFintech company considering a dual listing on global exchanges
- London Stock ExchangeStock exchange being considered for a dual listing
- NasdaqAmerican stock exchange targeted for the firm's IPO
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Canary WharfSpeculative
The presence of a major company like Revolut could enhance the business district's profile and attract investment.
- London Stock ExchangeSpeculative
The London Stock Exchange could see increased investment activity and market standing if the dual listing proceeds.
- New YorkSpeculative
The US market could see increased capital flow and investment activity if Revolut pursues an IPO there.
- City of New YorkSpeculative
Increased international capital flow could strengthen the City's economic influence and market standing.
How it developed
Newest first. Tap a step to see who reported it.Revolut is exploring a dual listing strategy between the LSE and US markets.1 source
Revolut is exploring a dual listing in the US market due to UK regulatory hurdles.1 source
Keep exploring
The entities involved
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Revolut
financial technology company
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London Stock Exchange
stock exchange in the City of London
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Nasdaq
American fully electronic stock exchange
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