Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
Summary
Digital bank Revolut is planning to sell around $500 million of employee-owned shares, which could increase the company's value to $45 billion. The London-based fintech company, which allows crypto trading within its app, has been in discussions with investment firm Greenoaks about the sale. This move could potentially lead to an initial public offering (IPO). The sale of shares would allow employees to raise money and also boost the firm's valuation ahead of a possible IPO. Revolut declined to comment on the matter.
