According to ChainCatcher, Bloomberg reports that digital bank Revolut is planning a secondary equity sale at an approximate $115 billion valuation, enabling early investors and employees to cash out. The formal process could begin as early as this month, though details are still under negotiation. It is reported that Revolut Chairman Martin Gilbert is meeting with potential investors during the Monaco Grand Prix. If this valuation is achieved, CEO Nik Storonsky will receive additional shares, potentially increasing the value of his stake to at least $36 billion. In recent years, Revolut has primarily attracted new investors through secondary transactions; in November last year, it facilitated an employee share sale at a $75 billion valuation, with participants including Coatue, a16z, and Nvidia’s venture capital arm.
Revolut Aims for $115 Billion Valuation in Secondary Share Sale
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Summary
Digital bank Revolut is preparing for a secondary share sale targeting an $115 billion valuation, as CFT compliance measures become a focal point in global finance. The move, potentially launching this month, would allow early investors and employees to cash out. Martin Gilbert, Revolut’s chairman, is meeting with investors at the Monaco Grand Prix. If the valuation is achieved, CEO Nik Storonsky’s stake could be worth over $36 billion. Employees participated in a $75 billion valuation sale in November 2023, backed by Coatue, a16z, and Nvidia’s venture capital arm. As Bitcoin gains traction as a hedge against inflation, the broader crypto market is watching closely.
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