Revolut will be valued at £35bn as it prepares to sell up to nearly £400m of shares
Exciting future: Revolut was founded in 2015 by Nikolay Storonsky
Revolut is expected to be valued at £35 billion as the company plans to sell nearly £400 million worth of shares.
The fintech firm, which was granted a UK banking licence by regulators last month after three years, is letting its staff sell 20 percent of its share options for £677 each.
The £391m sale is expected to cement the company’s position as Europe’s most valuable start-up, making it worth more than Barclays and Lloyds.
The first share sale, in 2021, valued it at £26bn.
The sale raises the prospect of the London-based lender pursuing a successful listing in London.
Revolut was founded in 2015 by Nikolay Storonsky and has 9 million customers in the UK.
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