Revolut, a UK fintech company, is set to allow its employees to sell up to 20% of their shares to new and existing investors following a secondary share sale that has increased the company’s valuation to approximately $75 billion (£55 billion). Each share has been priced at $1,381.06 as part of this initiative. This move is anticipated to provide significant financial benefits for employees, with payouts over the coming weeks.
The share sale announcement follows Revolut’s reported increase in annual profits of over 150% in 2024, bringing profits to £1 billion. This growth has been attributed to rising subscription numbers and revenues from its wealth management and cryptocurrency trading sectors. CEO Nik Storonsky has reportedly benefited from previous share sales, with estimates suggesting a windfall of between $200 million and $300 million from a sale that valued the firm at $45 billion last summer. If Revolut’s valuation surpasses $150 billion, Storonsky could amass a multibillion-dollar fortune.
A spokesperson for Revolut mentioned that this secondary share sale is part of the company’s commitment to providing employees with liquidity options. However, the timing raises questions regarding the company’s plans for an Initial Public Offering (IPO). Some analysts speculate that this move might indicate either an impending IPO or employee concerns about the delay in such a listing.
Historically, CEO Storonsky has expressed that a New York IPO might be more beneficial due to regulatory environment considerations. This potential shift could affect the London Stock Exchange, especially given recent departures of other fintech firms from the UK market. Revolut has faced challenges with UK regulators over acquiring a full banking license, which could limit its ability to offer more profitable services like loans and mortgages. The company has claimed to have addressed prior accounting and regulatory issues and is working to improve its corporate culture, which has been scrutinized in the past.
Despite these efforts, obtaining regulatory approval has been a lengthy process, with an initial UK banking license finally granted in July 2024 after three years of waiting.
Source: https://www.theguardian.com/business/2025/sep/01/revolut-valuation-jumps-75bn-staff-set-for-payout-opportunity