Challenger bank Revolut has no plans to go public for at least another two years as it bids to build up revenues against a backdrop of plummeting tech valuations and interest rate hikes, sources said. Nik Storonsky, the startup's CEO and cofounder, played down an imminent public bow during a town hall meeting last month, according to two sources familiar with the matter.
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Buzzy fintech Revolut has ruled out going public in 2022 amid the slowdown in the global IPO market
"None of us want to be in the position of Robinhood employees, so we're happy to hang tight," one early Revolut employee told Insider on the condition of anonymity.
