UK-based fintech company Revolut has launched an employee share sale that values the firm at $75 billion (£55 billion), a significant increase from its $45 billion valuation in the summer of 2024. The move allows employees to sell up to 20% of their personal holdings in the company.
The secondary share sale, which prices each share at $1,381.06, was announced to staff on Monday and follows a period of strong financial performance. Revolut recently reported a 150% increase in annual profits, reaching £1 billion for 2024. In a statement, a Revolut spokesperson confirmed the offering, stating, “As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity. An employee secondary share sale is currently in process, and we won’t be commenting further until it is complete.”
This event provides a path to liquidity for employees and comes amid speculation about the company’s long-term plans for a public listing. Kathleen Brooks, a research director at the online broker XTB, noted the dual interpretation of the move. “This could be a sign that the company will either IPO soon or that its employees are getting antsy about the lack of an IPO and want to release their equity in the firm rather than wait for the IPO,” she said.
Nik Storonsky to Join Britain’s top 10 Richest Businessmen
The valuation also significantly boosts the potential fortune of founder and CEO Nik Storonsky, who could see a multi-billion-dollar return if the company’s value continues to climb, more specifically one of Britain’s top 10 richest businessmen. Meanwhile, Revolut is reportedly considering a stock market debut in New York, citing frustrations with the UK’s regulatory climate. Brooks commented on this possibility, stating, “Whatever this moves signals, it is a deep shame that Revolut is not planning to IPO in the UK.”
The fact that Revolut was just valued at $75 billion shows how much growth and value are being created in the private fintech sector. But the fact that the company might switch to a U.S. stock shows how hard it is for the UK to keep good technology companies that are growing quickly.
Other tech companies in the UK may look at this choice as a guide as they compare the pros and cons of London’s market to what they think are the pros of New York’s market. This will bring more attention to the UK’s regulatory framework and capital market appeal.
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