Deep Tide TechFlow News, on December 16, according to DL News, financial technology giant Revolut CEO Nikolay Storonsky stated in the 20VC podcast that it is 'irrational' to list on the London Stock Exchange compared to the U.S. market. He pointed out that the 0.5% stamp duty on stock trades in the UK and limited liquidity are major disadvantages. Storonsky mentioned that if he were to start a business today, he would choose to base the company in the U.S.
According to the UK (Financial Times), 88 companies have already delisted from the London main market or moved their primary listing location in 2024, marking the largest scale since the financial crisis. Valued at $45 billion, Revolut obtained a temporary banking license in the UK in June this year, and its cryptocurrency trading platform Revolut X has expanded from the UK to 30 European markets.