Revolut - the online bank being steered by two Aberdonians - is weighing up a $75billion-plus dual listing in both London and New York.
Founder Nik Storonsky has previously appeared resistant to the idea of floating in London, but this position seems to have changed with a dual listing being "widely discussed" in financial circles, The Times reports.
He had indicated it would not be "rational" to list in London due to the 0.5% stamp duty on share trading, but a source at the bank told The Times Storonsky also said: “If I get a better product from the UK, I will list in the UK.”
Revolut, which is chaired by Aberdeen Asset management founder Martin Gilbert with fellow University of Aberdeen graduate John Sievwright also on its board, is valued at approximately £55billion.
Gilbert was in attendance at a meeting between Rachel Reeves and the US Treasury secretary Scott Bessent earlier in September during Donald Trump's state visit.
A dual listing would be the first of its kind and would see the banking app become one of the 15 most valuable companies in London.
Revolut has soared in popularity since its beginnings as a pre-payment travel card to become Europe's most valuable "fintech", The Times reports, with 65 million customers globally including 12 million in the UK.
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Companies reporting today
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