Crypto-Friendly Bank Revolut Plans to Sell $500 Million in Employee Shares at $45 Billion Valuation

23/07/2024 23:57

According to the Wall Street Journal, digital bank Revolut plans to sell employee shares worth about $500 million. The report quoted people familiar with the matter as saying that the deal would increase Revolut's value to $45 billion. Revolut has been negotiating with investment company Greenoaks on the sale, which, if completed successfully, would pave the way for its potential initial public offering (IPO). It is reported that early employees of startups usually receive stocks as part of their compensation, which they can sell when the company goes public. Revolut may allow employees to cash out their shares while increasing the company's valuation before the IPO. (Coindesk)

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Crypto-Friendly Bank Revolut Plans to Sell $500 Million in Employee Shares at $45 Billion Valuation

More news about リボルート

More news about リボルート

Revolut's Crypto Suspension: Adapting to UK Rules Turbulence