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Revolut Launches $75B Secondary Share Sale Amid Strong Financial Performance
Revolut Launches $75B Secondary Share Sale Amid Strong Financial Performance
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BTCCSquare news:
Revolut has initiated a secondary share sale at a $75 billion valuation, marking one of Europe's largest private tech transactions. Employees can sell up to 20% of their holdings, reflecting confidence in the fintech's trajectory. This follows a $45 billion secondary sale last year, underscoring rapid growth.
The company reported $4 billion in 2024 revenue—nearly doubling 2023 figures—and $1 billion in profit. With 50 million users, Revolut continues expanding its ecosystem spanning payments, stock trading, and cryptocurrency services. Earlier $60-$65 billion valuation offers were rejected, signaling bullish internal expectations.
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