Revolut share sale begins at reported $115 billion valuation
Revolut confirmed a new secondary share sale, with Bloomberg reporting a $115 billion valuation and employee shares priced at $2,017.
By Marcus Adeyemi · Startups Editor
· 3 min read
Revolut has confirmed a new Revolut share sale, a secondary transaction process that Bloomberg reported values the digital bank at $115 billion. The company did not disclose the size of the sale, the buyers, or how many employees may sell shares, but the process gives some staff a route to liquidity while bringing in new and existing investors.
Bloomberg reported that the shares are priced at $2,017 each. Revolut said only that a secondary share sale is underway and that it would not discuss details while the process continues, adding that it plans to provide an update after completion.
The transaction would mark another step up in Revolut’s private-market pricing. The company carried out secondary transactions last year that valued it at $75 billion, after being priced at $45 billion in 2024.
What is Revolut's share sale valuation?
Bloomberg reported the current secondary sale is being conducted at a $115 billion valuation. Revolut has confirmed the sale process but has not publicly confirmed that valuation or the per-share price beyond saying the process is ongoing.
In an internal message to employees reported by Bloomberg, Revolut CEO and co-founder Nik Storonsky told staff he was glad they had another chance to get liquidity from their shares. He also said demand from new and existing investors had been driven by the company’s momentum over the previous 12 months, its business fundamentals and expansion into new markets.
Those comments frame the deal as both an employee liquidity event and an investor access point. For late-stage private fintechs, secondary sales have become a common substitute for an IPO window that has offered fewer exits. They allow employees and early holders to sell some equity without the company necessarily raising new primary capital.
What a secondary sale means for Revolut
A secondary share sale is a transaction in which existing shareholders sell stock to other investors. The company does not have to receive new cash from those sales, though it may use the process to manage its cap table and add investors it wants involved before a public listing.
That distinction matters because the reported $115 billion valuation is a private-market price attached to a share transfer process, not a public-market valuation tested through daily trading. Revolut has not said whether the transaction changes its IPO timetable, and no public listing plan was disclosed.
Revolut says it has more than 75 million retail customers worldwide. Earlier this year, the company won a UK banking licence, and it has also applied for banking licences in the US and France.
The licensing push is material because Revolut’s valuation now rests on more than consumer app growth. Banking permissions in major markets affect how much of the customer relationship it can own directly, what products it can offer and how regulators constrain expansion. The company has not disclosed fresh revenue, profit, transaction volume or headcount figures in connection with this share sale.
This story draws on original reporting from Tech.eu.
