Revolut Plans Secondary Share Sale at $115 Billion Valuation, Bloomberg Reports

Digital bank Revolut is planning a secondary share sale at an agreed valuation of about $115 billion, a deal that would allow early investors and employees to cash out, Bloomberg reported. According to ChainCatcher, the formal process could begin as soon as this month, though terms are still being discussed. The report said Revolut Chairman Martin Gilbert has been meeting potential investors during the Monaco Grand Prix. If the valuation is reached, CEO Nik Storonsky would receive additional shares, potentially lifting the value of his stake to at least $36 billion. Revolut has recently brought in new investors mainly through secondary transactions. In November, it arranged an employee share sale at a $75 billion valuation, with participants including Coatue, Andreessen Horowitz, and Nvidia’s venture capital unit.