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 \u201cto be able to IPO successfully we need to be at least in the few billion dollars range of revenue a year\u201d. The company raised $800 million (about \u00a3597 million) from investors, which would value Revolut at $33 billion (\u00a334.6 billion).<\/p> \r\n\r\n
This means that Revolut has a fair way to go before it will IPO - it made an adjusted revenue of $359 million (\u00a3268 million) in 2020.<\/p>\n\n\n
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.<\/p>\n\n