In a boost for the London Stock Exchange, Starling Bank has said it is "very committed" to floating in the City as it posted its third annual profit.
Interim chief executive John Mountain said a date had not been set, but plans for IPO had been a focus for discussions in board meetings and with shareholders.
Describing London as the challenger bank's "natural home", Mountain said further updates on a listing would be made when incoming boss Raman Bhatia takes the reins at the end of July, following founder Anne Boden stepping back to a non-executive role last year.
Mountain added: "A number of shareholders’ investment strategies are based around a public-private approach.
"The timing we need to look at, but we’re very committed to that.
"We’ve always been very much a UK tech business and the London Stock Exchange would be a natural home for us."
With 4.2 million customers signed up to the mobile-online challenger bank, the group posted pre-tax profits of £301.1 million in the year to April, marking a near 55% jump compared to 2023.
During the period sales rose by 50% to £682 million with the total amount deposited up by 4% to £11 billion.