Nikas Storonskis: “Revolut” is considering stock distribution in New York and London

Nikas Storonskis: "Revolut" is considering stock distribution in New York and London

According to him, “Revolut” would like the shares to be listed in the US because the American market offers greater liquidity and more large institutional investors, N. Storonskis said in an interview with France’s “Les Echos”.

Read more Armenian Prime Minister spoke out about the Russian military base in the country

“It is a bigger market. It has institutional investors, hedge funds, fund managers, and quite a few individual investors. So we have a choice: to sell in a small market with few buyers, or in a huge market with a large number of buyers who will fiercely compete for our shares. Therefore, yes, we prefer the United States,” said N. Storonskis.

Listing in London would help “Revolut”, which after a recent secondary share sale was valued at 11.5 billion US dollars, to enter among the largest companies listed on the UK stock exchange.

Read more Was the drone that really flew into Lithuania and was shot down part of a military exercise?

Earlier, N. Storonskis said that no company share listing will take place before 2028.

Read more Famous couple separated – Aistė Jasaitytė-Čeburiak and Romanas Čeburiakas: marriage lasted 17 years

Translated from

Leave a Reply

Your email address will not be published. Required fields are marked *