Digital bank Revolut is preparing to conduct a secondary equity sale at a valuation of approximately $115 billion, according to reports. This move will enable early investors and employees to liquidate their holdings. The formal sale process could commence as soon as this month, though specific details are still under negotiation. Revolut Chairman Martin Gilbert is reportedly engaging with potential investors during the Monaco Grand Prix. If the valuation is confirmed, CEO Nik Storonsky stands to receive additional shares, potentially boosting his stake to at least $36 billion. Revolut has a history of introducing new investors through secondary transactions, having previously arranged an employee stock sale at a $75 billion valuation last November, with participation from firms like Coatue, a16z, and Nvidia's venture capital arm.
Revolut Eyes $115 Billion Valuation in Upcoming Secondary Stake Sale
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