Revolut Initiates Employee Share Sale at $75 Billion Valuation

According to company reports, Revolut priced its secondary stock sale at $1,381.06 per share, following a year of doubled profits and plans to secure a UK banking license.

Summary

Revolut has launched an employee secondary stock sale valuing the company at $75 billion, with shares priced at $1,381.06 each. The fintech confirmed the process is underway but withheld further details until completion. This follows its April announcement that annual profit more than doubled, supported by strong crypto trading, interest income, and card fees. Revolut also expects to begin operating as a licensed UK bank later this year.

Terms & Concepts
  • Employee Secondary Sale: A process that allows employees to sell a portion of their company shares, often in private companies, to provide liquidity opportunities.
  • Valuation: The monetary worth of a company, typically determined through market or financial assessments.