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Revolut launches $75bn secondary share sale for staff
(Sharecast News) - British neobank Revolut has initiated a secondary share sale, allowing employees to offload shares in the company at a valuation of $75bn. According to a staff memo seen by Bloomberg, Revolut's shares were priced at $1,381.06 apiece, with demand already said to have been received from both new and existing investors.
The share price represents a steep increase from the $45bn valuation achieved in 2024's secondary sale and positions the London-based firm above Barclays in market value - though the transaction remains private.
"As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity," a spokesperson said. "An employee secondary share sale is currently in process, and we won't be commenting further until it is complete."
Revolut, which now serves over 60m customers, reported a 72% jump in revenue to $4bn last year, outpacing HSBC in customer numbers and delivering profit growth.
Reporting by Iain Gilbert at Sharecast.com
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