PANews, September 2 - According to Bloomberg, UK fintech company Revolut Ltd. has initiated the process for some employees to sell their company shares at a valuation of $75 billion, which is higher than the $45 billion valuation obtained when Revolut issued shares in the Secondary Market last year. A memorandum to staff shows that the per-share valuation for this Secondary Market issuance is $1,381.06, and the company has met the subscription demand from both new and existing investors. Sources indicate that employees of the London-based company will be able to sell up to 20% of their shares.
A Revolut spokesperson stated: "As part of our commitment to our employees, we regularly provide them with opportunities to gain liquidity. The secondary market sale of employee stock is currently underway, and we will not comment further until it is completed."
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Revolut has initiated the process to sell its stake in the company at a valuation of $75 billion.
PANews, September 2 - According to Bloomberg, UK fintech company Revolut Ltd. has initiated the process for some employees to sell their company shares at a valuation of $75 billion, which is higher than the $45 billion valuation obtained when Revolut issued shares in the Secondary Market last year. A memorandum to staff shows that the per-share valuation for this Secondary Market issuance is $1,381.06, and the company has met the subscription demand from both new and existing investors. Sources indicate that employees of the London-based company will be able to sell up to 20% of their shares. A Revolut spokesperson stated: "As part of our commitment to our employees, we regularly provide them with opportunities to gain liquidity. The secondary market sale of employee stock is currently underway, and we will not comment further until it is completed."