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Revolut CEO Targets Billions of Dollars in Sales Before IPO

  • London-based fintech is U.K.’s most valuable startup
  • CEO says companies will need to offer big variety of products
Nik Storonsky

Nik Storonsky

Photographer: Luke MacGregor/Bloomberg

Financial technology startup Revolut Ltd. needs to achieve billions of dollars in annual sales before it can go public, Chief Executive Officer and co-founder Nik Storonsky said on Bloomberg Television. 

“To be able to IPO successfully we need to be at least in the few billion dollars range of revenue a year,” Storonsky said Wednesday. Adjusted revenue was 261 million pounds ($359 million) last year, when it made an operating loss of 201 million pounds.