Revolut Completes Secondary Sale Valuing It at $115 Billion
A private transaction that let employees sell equity sets the $115 billion price and reflects recent banking licences, stronger 2025 profits, expanded customer scale.
Overview
- The share sale was completed Wednesday and confirms a $115 billion private valuation for Revolut after lead investors bought existing stock.
- Glade Brook Capital Partners, Coatue and Durable led the transaction with participation from T. Rowe Price and Baillie Gifford.
- Revolut did not disclose how many shares were sold or how much money changed hands, though employees were allowed to sell as part of the deal.
- The valuation leans on regulatory progress and growth — including a UK banking permit, ECB permissions and new licences in several markets — and on 2025 results that showed a large profit increase and more than 80 million customers.
- Analysts note the $115 billion figure is a secondary-market price roughly 50 times reported 2025 pre-tax profit and say the key tests ahead are how public markets value the company and when Revolut pursues a likely US IPO.