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Updated · Bloomberg · Jul 22Revolut Launches Employee Share Sale at $115 Billion Valuation
3 articles · Updated · Bloomberg · Jul 22Summary
- $115 billion is the valuation Revolut set in a new secondary share sale that lets some employees sell stock, the company told staff on Wednesday.
- Each share in the sale is priced at $2,017, confirming a process Bloomberg had previously reported the fintech was considering.
- The new valuation marks a sharp jump from $75 billion less than a year ago, underscoring how quickly investor appetite for the company has risen.
Insights
Revolut's valuation hits $115B, but can it conquer the US market to justify its hype and a future $200B IPO? As Revolut becomes a financial 'super app,' is it pioneering banking's future or just building a fintech house of cards?