Revolut Plans $500 Million Employee Share Sale to Boost Valuation Ahead of IPO

Revolut’s Plans for Employee Share Sale

Digital banking platform Revolut is reportedly gearing up to sell approximately $500 million in employee-owned shares, according to a report from the Wall Street Journal published on Tuesday. This strategic move could elevate the company’s valuation to an impressive $45 billion, as cited by sources familiar with the matter.

Based in London, this innovative fintech company has been at the forefront of integrating cryptocurrency functionalities within its app for several years. In May, they further expanded their offerings by launching a dedicated cryptocurrency exchange tailored for experienced traders.

Revolut is currently in negotiations with investment firm Greenoaks regarding the share sale, which could significantly pave the way for a potential initial public offering (IPO). Early-stage employees of startups typically receive shares as part of their compensation, providing them an opportunity to cash in when the company goes public. However, the landscape for IPOs has become increasingly uncertain due to rising interest rates in recent years.

This initiative by Revolut may serve a dual purpose: allowing employees to access some liquidity while simultaneously enhancing the firm’s valuation in anticipation of an IPO. When approached for comment, the company declined to provide any additional information.