Revolut CEO plans to sell stake in $500m share sale, potentially valuing the company at over $40bn for UK banking licence.
Revolut CEO Nikolay Storonsky plans to sell part of his stake in the company during a $500m share sale, potentially valuing the digital finance app at over $40bn. The share sale, which includes employee shares, could help the UK's most valuable startup secure a UK banking licence. Revolut reported a record pretax profit of £438m ($553.8m) in 2023, driven by strong user growth and interest-related income.
July 07, 2024
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