Revolut CEO denies London listing, criticizes UK market for being irrational

Nikolay Storonsky, CEO of fintech giant Revolut, has dismissed the idea of ​​listing his company on the London Stock Exchange, calling it “irrational” compared to the U.S. market, ChainCatcher reported.

Nikolay Storonsky criticised the UK’s 0.5% stamp duty on stock transactions and highlighted limited liquidity as a major drawback for companies considering an initial public offering in London.

He noted that unless the UK could offer a more competitive environment, the US market would still be a logical choice for a potential listing of Revolut.