Revolut favors US primary listing for potential IPO, CEO says

Oct 8 (Reuters) - Revolut ‌would favor ​a ​primary listing in the United States if the digital bank decides to ‌pursue an initial pubic offering in the ⁠future, CEO Nik Storonsky told Bloomberg TV on Thursday.

Storonsky, ‌who founded Revolut, told ‌Bloomberg TV that the firm wants to "dominate" the US market and plans to roll out ​credit cards and loans, once it receives a full banking charter.

Revolut received preliminary approval for ⁠a national banking licence in the United States in September, ​after getting licences in Britain and France earlier this year.

The bank has risen to become ​Europe's most valuable startup, having grown ‌rapidly since it was launched just over a decade ago as a fintech ⁠promising cheaper forex fees. Valued at $115 billion privately, Revolut is now worth more than Britain's Barclays and ⁠France's Societe Generale.

The company's top boss had previously told ​French newspaper Les Echos the bank was looking into a dual stock market listing in New York and ‌London.

Any eventual listing is still likely to be at least a year ‌away, with past media reports citing 2028, and ⁠subject to market ‌conditions.

(Reporting by Sri ​Hari N S in Bengaluru; Additional reporting by Akshaya V; Editing by Anil ‌D'Silva)

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