Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

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

Share this article

Related Sharecast Articles

RBC Capital says IG Group oversold on Underdog deal, reiterates 'outperform'
(Sharecast News) - RBC Capital Markets reiterated its 'outperform' rating on IG Group on Friday as it argued the stock was oversold on news of the acquisition of US prediction markets operator Underdog.
Berenberg raises Gym Group target price, cites multi‑year growth potential
(Sharecast News) - Analysts at Berenberg hiked their target price for The Gym Group from 255p to 295p on Friday, saying the low‑cost operator offered a multi‑year growth story in an underpenetrated market and remains attractively valued.
Diversified Energy confirms early talks to buy Birch Resources
(Sharecast News) - Diversified Energy confirmed on Friday that it has had preliminary discussions about a possible acquisition of oil and gas company Birch Resources.
GBG shares tank 30% on revenue guidance cut
(Sharecast News) - Shares in Identity verification tech provider GBG tanked by 30% on Friday after the lowered revenue guidance as second‑quarter trading in its Americas Identity unit weakened, with higher‑than‑expected volume attrition at several key customers holding back growth.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.