The UK government is making a concerted effort to convince Revolut, Britain's most valuable fintech, to consider a London IPO rather than listing on Nasdaq in the US. This initiative follows Revolut's recent acquisition of a UK banking license, which is expected to bolster its lending capabilities.
City Minister Tulip Siddiq plans to meet with Revolut's executives to discuss the potential benefits of a London listing. A US listing would represent a significant loss for London, which has seen other major companies, like Arm, choose New York for their IPOs. Despite Revolut's current preference for Nasdaq, some executives have left the door open to a London float, acknowledging recent UK reforms that make the city more competitive for founder-led companies.
