Overview
- Revolut confirmed that a Secondary Share Sale of existing employee and shareholder stock is underway, a transaction reported by multiple outlets and company spokespeople.
- Media reports say some employees sold shares at about $2,017 per share, an exchange that implies the roughly $115 billion private valuation publicized by Bloomberg and other outlets.
- Because the deal is a secondary sale, the trades gave long‑tenured staff liquidity and likely created many new millionaires without adding cash to Revolut’s balance sheet.
- Company leadership reiterated aggressive growth targets and IPO plans tied to expansion, including a goal of 100 million customers by mid‑2027 and internal scenarios that consider valuations higher than $115 billion.
- Revolut’s market value now rivals large European banks despite a much smaller workforce of about 20,000 employees, a contrast that could shape investor expectations and future secondary sales or IPO pricing.