# Zilch boss ‘feels good’ on $2bn IPO valuation

- URL: https://talkfuse.com/story/zilch-boss-feels-good-on-2bn-ipo-valuation/
- Published: 2026-11-09T11:03:17+00:00
- Updated: 2026-11-09T11:19:52+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/zilch-boss-feels-good-on-2bn-ipo-valuation/
- Topics: Business, Companies, Markets

## Key points

- Zilch says it believes it can maintain its $2bn valuation in a public listing.
- Revenue rose 36 per cent to £147.5m, while pre-tax losses reached £36m.
- London is an early IPO favourite, but other markets remain under consideration.

## Summary

Zilch chief executive Philip Belamant said the fintech believes it can sustain its $2bn valuation if it lists on public markets, with an IPO possible from the second half of 2027. The company is discussing a potential debut with investors, but has not appointed bankers; a successful listing could be significant for London, which has struggled to attract high-growth technology firms.

In its latest financial year, revenue rose 36 per cent to £147.5m and the value of goods sold through its services increased 28 per cent to £2.4bn. Pre-tax losses nearly tripled to £36m, while credit impairments rose 66 per cent to £45.5m; Belamant attributed costs to infrastructure investment, expansion and lending growth. He said Zilch was ahead of budget in the financial year that began in April 2026 and had recorded two quarters of adjusted profit before tax. London is an early favourite for a listing, though New York and Europe remain options.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.