People familiar with the matter: Revolut starts secondary stock sales for employees, with company valuation reaching US$75 billion
Source: BlockBeats
Time: 2025-09-02 08:42:08
BlockBeats, September 2, people familiar with the matter revealed on Monday that British fintech giant Revolut has started a second employee stock sale, a deal that valued it to $75 billion, according to Reuters. The London-based company is stepping up its expansion to challenge larger traditional banks. A Revolut spokesman said in an emailed statement on Monday: "The employee's secondary stock sale is in progress and we will not comment further until it is completed." Bloomberg News said the round of transactions priced Revolut at $1,381.06 per share. In April, the fintech company reported more than doubled its annual profits, benefiting mainly from strong cryptocurrency transactions, interest income and card fees, and said it expects to start operating as a UK bank this year.