Digital Bank Revolut Plans to Sell Employee Shares, Valuation Could Reach $45 Billion
Publication Time:2024-07-24 00:06:06
Digital bank Revolut recently announced its plan to sell approximately $5 billion worth of employee shares, an initiative aimed at boosting the company's market valuation. According to internal sources, Revolut is in talks with investment firm Greenoaks, and it is expected that this transaction will see the total value of the company soar to $45 billion. These series of actions may lay a solid foundation for Revolut's future Initial Public Offering (IPO). Notably, early employees of startups often receive stock as part of their compensation, providing them with an opportunity to realize capital gains when the company goes public. In this context, Revolut's move not only caters to the needs of employees looking to cash out, but also provides strong support for the company's valuation increase ahead of its IPO.
Revolut
Greenoaks
IPO
digital bank
employee shares