Nik Storonsky, co-founder and chief executive of Revolut, has confirmed for the first time that the bank is considering a dual stock market listing in New York and London.

In an interview with French newspaper Les Echoes, Storonsky said that the bank wanted its listing to be in the US due to its larger population of institutional investors and greater liquidity than any other.

“It’s a larger market. It includes institutional investors, hedge funds, fund managers and a considerable number of individual investors,” Storonsky said. “We have the choice between selling in a small market with few buyers, or in a gigantic market with a huge number of buyers who will compete fiercely for our shares. Therefore, yes, we prefer the United States.”

However, despite previously raising concerns over the London Stock Exchange (LSE), he added that the bank is planning a dual listing on both the Nasdaq and the FTSE.

Listing in London would make Revolut among the largest public companies in the UK if it was able to match its $115 billion July valuation. At that total value, its shares would be worth more than longstanding giants including Unilever, British American Tobacco and BP, as well as the second most valuable bank in the country after HSBC.

This is the first time Revolut has confirmed that it is seeking a dual listing. In 2024 Storonsky said that the LSE “can’t compete” and was “much worse” than US rivals, and in 2023, he said he did not “see the point” of listing in the UK.

The listing of a company of Revolut’s size would mark a bright spot for the LSE, which has faced difficulties convincing large companies to list in recent years, with high profile failures such as Wise’s move to the Nasdaq highlighting the scale of the problem.

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