Revolut’s CEO plans to sell a substantial portion of his stake in the fintech company during an upcoming secondary share sale, according to recent reports. The specific amount of the sale will depend on the valuation Revolut achieves.
Revolut has enlisted Morgan Stanley to manage the secondary sale, targeting a valuation of USD 40 billion. This marks an increase from its previous valuation of USD 33 billion in 2021, reinforcing its status as Europe’s largest fintech.
The sale is designed to allow employees to sell their shares to new investors, rather than raising new funds for the company itself. Details about the CEO’s current stake in Revolut remain undisclosed.
