The proposed transaction would let early investors and employees sell shares and could increase the value of CEO Nik Storonsky’s stake if the targeted valuation is reached.
Revolut is planning a secondary share sale at about a $115 billion valuation, a move that would allow early investors and employees to cash out while marking another sharp step up in the digital bank’s market value. Bloomberg reported that the formal process could begin as soon as this month, although details are still under discussion. If the targeted valuation is achieved, CEO Nik Storonsky could receive additional shares, lifting the value of his stake to at least $36 billion.