Revolut is reportedly planning an initial public offering (IPO), but wishes to achieve higher sales before it does so. The chief executive and co-founder Nik Storonsky said that “to be able to IPO successfully we need to be at least in the few billion dollars range of revenue a year”. The company raised $800 million (about £597 million) from investors, which would value Revolut at $33 billion (£34.6 billion).
This means that Revolut has a fair way to go before it will IPO - it made an adjusted revenue of $359 million (£268 million) in 2020.
Once Revolut goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Revolut can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what it does and how its stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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