Revolut is reportedly allowing workers to sell their holdings at a $75 billion valuation.
The most valuable FinTech in the United Kingdom informed staff members Monday (Sept. 1) that they will be permitted to sell up to 20% of their shares to make space for other investors,the Financial Times reported Monday citing unnamed sources and a document it viewed.
Revolut’s performance in the last year “has led to further investor demand from both new and existing world-class investors,” the report said.
The sale will let workers capitalize on the growth Revolut has seen as the company’s valuation has more than doubled in the last four years. Another share sale last year gave the company a $45 billion valuation.”As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity,” the company said, per the report.”An employee secondary share sale is currently in process, and we won’t be commenting further until it is complete.”
In July, Revolut was aiming to secure $1 billion from investors in a private round that would value the firm at $65 billion, the report said.
The company is also focused on its international expansion.