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Sources: Revolut has told staff it is launching a sale of up to $500M worth of existing shares at a $45B valuation; former employees are ineligible (@akilazoe / Financial Times) https://t.co/in18rH7ddF 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/cNe43mJDdK
https://t.co/AozjlQlm1b told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products (The Information) https://t.co/vltzW0Z1Lh 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pPU0tnvnhE
Revolut tells staff it is launching share sale at $45bn valuation
Vinted is contemplating a share sale that could value the platform at approximately £3.8 billion. The company is planning to raise $500 million through this share sale. Meanwhile, Revolut has informed its staff about its intention to launch a share sale at a valuation of $45 billion. The fintech firm aims to sell up to $500 million worth of existing shares, with former employees ineligible to participate. This move represents a significant increase from its previous valuation of $1 billion in 2023, reflecting a valuation multiple of about 2.5 times.