Revolut Hits $75 Billion Valuation in Employee Share Sale
Revolut Hits $75 Billion Valuation in Employee Share Sale

Revolut Hits $75 Billion Valuation in Employee Share Sale

News summary

London-based fintech company Revolut has launched a secondary employee share sale valuing the firm at $75 billion, a significant increase from its $45 billion valuation in 2024. The sale allows employees to sell up to 20% of their personal holdings at $1,381.06 per share, providing liquidity amid speculation about the company's IPO plans, with indications it may list in New York rather than the UK due to regulatory challenges. Revolut's strong 2024 performance, including a 150% profit increase to £1 billion, has been driven by growth in subscriptions, interest income, and a surge in crypto trading and wealth management revenues. The company's valuation now surpasses major UK banks like Barclays and places it among the most valuable fintech firms globally, underscoring the rising mainstream integration of cryptocurrency within financial services. Despite regulatory hurdles and a restricted UK banking license, Revolut continues to expand its offerings, including launching its own crypto exchange, which has fueled its rapid growth and increased user base to over 52 million. This move not only incentivizes employee retention but also signals Revolut's strategic positioning at the forefront of digital finance and crypto innovation.

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