Revolut is preparing for another share sale, allowing employees to sell their stock at a $75 billion valuation.
Editorial
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
According to a memo to staff viewed by Bloomberg, the secondary share sale prices each share at $1,381.06, with the company already receiving interest from both new and existing investors.
The valuation placed on the business is a big jump on the $45 billion price tag achieved at its last share sale in April last year.
“As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity,” a Revolut spokesperson said in a statement to Bloomberg. “An employee secondary share sale is currently in process, and we won’t be commenting further until it is complete.”
Source link
#Revolut #preps #secondary #share #sale #billion #valuation
