TLDR
- Revolut starts $75 billion secondary share sale for employee stock sales
- Share price set at $1,381 per share, up from $45 billion valuation last year
- Company doubled revenue to $4 billion and posted $1 billion profit in 2024
- Revolut serves over 50 million users globally across banking and crypto services
- Employee sale precedes expected 2026 IPO in New York market
Revolut has launched a secondary share sale that values the UK fintech giant at $75 billion. The company is allowing employees to sell up to 20% of their stock holdings in what represents one of Europe’s largest private tech transactions.
The share sale prices each Revolut stock at $1,381.06 per share. This marks a substantial increase from the company’s $45 billion valuation during its previous secondary sale in 2024.
A Revolut spokesperson confirmed the employee secondary share sale is currently underway. The company declined to provide additional comments until the transaction completes.
The $75 billion figure reflects Revolut’s strong 2024 financial performance. The fintech company reported $4 billion in revenue last year, nearly double its previous annual total.
Revolut also achieved $1 billion in profit during 2024. The company now serves more than 50 million users across its global platform.
Strong Financial Growth Drives Valuation
The valuation increase follows earlier investor attempts to buy shares at $60 billion and $65 billion. Revolut rejected both lower valuation offers from potential investors.
Some market observers have questioned whether Revolut’s private valuation exceeds comparable public fintech companies. Secondary trading platforms like Forge still price Revolut shares below $1,000 per share.
The employee stock sale provides liquidity ahead of Revolut’s planned initial public offering. The company expects to go public in 2026, likely choosing New York over London for its listing.
Revolut’s business spans stock trading, digital payments, and cryptocurrency services. The company launched Revolut X, a specialized crypto exchange app, earlier this year.
Expansion Into Banking and Crypto
Revolut is pursuing a U.S. banking charter that would enable nationwide lending operations. The company also expects to begin operating as a UK bank later this year.
In Latin America, Revolut is testing a fiat-pegged stablecoin product. The company has developed fraud protection systems specifically for cryptocurrency transactions.
The fintech reported strong performance from crypto trading, interest income, and card fees. These revenue streams helped drive the company’s profit growth throughout 2024.
The $75 billion valuation makes Revolut Europe’s most valuable private technology company. This surpasses other major fintech competitors in terms of private market valuation.
Previous Revolut investors include Coatue, D1 Capital Partners, and Tiger Global from the company’s 2024 funding round. The current secondary sale represents one of the largest private tech transactions in European history.
