Revolut has started the process of some employees selling their stakes in the company at a valuation of $75 billion

PANews reported on September 2 that British fintech company Revolut Ltd. has started the process of some employees selling their shares at a valuation of $75 billion, with the latest valuation higher than the $45 billion valuation that Revolut received when it issued shares in the secondary market last year. A memo to employees shows that the secondary market issuance is valued at $1,381.06 per share, and the company has met the subscription needs of new and old investors. Employees of the London-based company will be able to sell up to 20% of their shares, people familiar with the matter said. A Revolut spokesman said: "As part of our commitment to our employees, we regularly provide them with access to liquidity. Employee secondary stock sales are currently in progress and we will not comment further until they are completed."