Daily Management Review

Revolut employees sell shares in the company, value it at $45 billion


08/19/2024


Staff of the UK fintech startup Revolut have utilized their privilege to divest their shares, leading to the company being valued at $45 billion in total market worth.



Mohito-Money Transfer via flickr
Mohito-Money Transfer via flickr
Therefore, Revolut solidified its position as the priciest startup in Europe. In the year 2021, the company's worth stood at $33 billion.

In 2024, the company obtained a banking license in the UK, where it caters to 9 million customers.

The company's high valuation may lead to speculation about a potential IPO, as reported by the Financial Times. Earlier, Revolut's high-ranking executives mentioned that they would rather not go public, but if conditions are favorable, they might contemplate an IPO on the Nasdaq exchange.

source: ft.com