Revolut Launches $75 Billion Secondary Share Sale for Employee Stock Sales

TLDR

• Revolut launches secondary share sale at $75 billion valuation, allowing employees to sell up to 20% of their holdings
• Company nearly doubled revenue to $4 billion and achieved $1 billion profit in 2024 with over 50 million users globally
• Share price set at $1,381 each, up from $45 billion valuation in previous year’s secondary sale
• Revolut expanding into U.S. banking with charter application and testing fiat-pegged stablecoin in Latin America
• Deal positions Revolut as Europe’s most valuable private tech firm ahead of potential 2026 IPO

Revolut has started a secondary share sale that values the fintech company at $75 billion. The London-based firm is allowing employees to sell up to 20% of their stock holdings in the transaction.

The deal prices each Revolut share at $1,381.06 according to reports from Bloomberg News. This marks a jump from the company’s $45 billion valuation during a secondary sale just one year ago.

An employee secondary share sale is currently in process according to a Revolut spokesperson. The company declined to provide additional details until the sale completes.

The $75 billion figure reflects Revolut’s strong financial performance in 2024. The company reported $4 billion in revenue last year, nearly double the previous year’s amount.

Revolut also achieved $1 billion in profit during 2024. The fintech now serves over 50 million users across its global operations.

The valuation increase follows investor pressure earlier this year for sales at $60 billion and $65 billion. Revolut rejected both of those lower valuation attempts.

Growth Strategy and Expansion Plans

Some investors have criticized Revolut’s private valuation as too high compared to public fintech companies. Secondary markets like Forge still price Revolut shares below $1,000 per share.

The share sale provides liquidity for employees ahead of a potential initial public offering. Revolut is expected to go public in 2026, likely choosing New York over London for the listing.

The transaction comes during a period of expansion for Revolut across multiple business lines. The company operates stock trading, payments, and cryptocurrency services for its user base.

Revolut launched Revolut X earlier this year, a specialized cryptocurrency exchange application. The company is also working to obtain a U.S. banking charter that would allow nationwide lending operations.

Cryptocurrency and Banking Initiatives

In Latin America, Revolut is testing a fiat-pegged stablecoin product. The company has also developed fraud protection tools specifically for cryptocurrency payments.

Revolut expects to begin operating as a UK bank later this year according to statements made in April. The banking license would expand the company’s lending capabilities in its home market.

The fintech reported strong performance from crypto trading, interest income, and card fees in its latest financial results. These revenue streams helped drive the company’s profit growth during 2024.

The $75 billion valuation makes Revolut Europe’s most valuable private technology company. This surpasses competitors like Stripe in terms of private market valuation.

The secondary sale represents one of Europe’s largest private technology transactions to date. Previous investors in Revolut include Coatue, D1 Capital Partners, and Tiger Global from the 2024 funding round.

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