Revolut is facing pressure from investors to consider
another secondary share sale at a staggering $60 billion valuation, Bloomberg
reported.
Shareholders are reportedly signaling interest in
offloading their stakes while new investors seek a way into the booming
fintech. This could mark a significant leap from Revolut’s $45 billion
valuation just six months ago, reflecting the renewed enthusiasm in the sector.
Surging Valuation Sparks Share Sale Talks
Some existing shareholders have indicated they are
open to selling their shares at the $60 billion mark, according to sources
quoted by Bloomberg. However, Revolut has yet to initiate any formal process,
and the company would need to authorize such a sale before it moves forward.
The discussions arise as Revolut is poised to report
an estimated $1 billion in pre-tax profit for 2024, nearly doubling from the
$545 million recorded the previous year.
The growing interest in Revolut shares reflects the
broader fintech resurgence. Stripe, another major player in the sector, is
arranging stock sales at a $91.5 billion valuation, up from $70 billion last
year.
Revolut’s previous share sale in mid-2023 saw high
demand, with early investors and employees selling approximately $500 million
worth of stock. The round, led by Coatue, D1 Capital Partners, and Tiger
Global, was oversubscribed, prompting a follow-on sale in November.
Even then, new investors scrambled to secure shares,
highlighting strong market confidence.
IPO Plans on the Horizon but Not Imminent
Despite the buzz, the sources suggest Revolut is unlikely to go public before 2026. The company is leaning toward a U.S. listing, reflecting its global ambitions. In the meantime, its expanding customer base—having surpassed 50 million users worldwide—places it among the largest
financial institutions in terms of customer count, rivaling major banks like
JPMorgan Chase and Bank of America.
With fintech valuations on the rise and investor
interest at an all-time high, Revolut finds itself at a pivotal moment. Whether
the company authorizes another share sale remains to be seen, but the pressure
is mounting as shareholders weigh cashing in on the soaring valuation.
Revolut is facing pressure from investors to consider
another secondary share sale at a staggering $60 billion valuation, Bloomberg
reported.
Shareholders are reportedly signaling interest in
offloading their stakes while new investors seek a way into the booming
fintech. This could mark a significant leap from Revolut’s $45 billion
valuation just six months ago, reflecting the renewed enthusiasm in the sector.
Surging Valuation Sparks Share Sale Talks
Some existing shareholders have indicated they are
open to selling their shares at the $60 billion mark, according to sources
quoted by Bloomberg. However, Revolut has yet to initiate any formal process,
and the company would need to authorize such a sale before it moves forward.
The discussions arise as Revolut is poised to report
an estimated $1 billion in pre-tax profit for 2024, nearly doubling from the
$545 million recorded the previous year.
The growing interest in Revolut shares reflects the
broader fintech resurgence. Stripe, another major player in the sector, is
arranging stock sales at a $91.5 billion valuation, up from $70 billion last
year.
Revolut’s previous share sale in mid-2023 saw high
demand, with early investors and employees selling approximately $500 million
worth of stock. The round, led by Coatue, D1 Capital Partners, and Tiger
Global, was oversubscribed, prompting a follow-on sale in November.
Even then, new investors scrambled to secure shares,
highlighting strong market confidence.
IPO Plans on the Horizon but Not Imminent
Despite the buzz, the sources suggest Revolut is unlikely to go public before 2026. The company is leaning toward a U.S. listing, reflecting its global ambitions. In the meantime, its expanding customer base—having surpassed 50 million users worldwide—places it among the largest
financial institutions in terms of customer count, rivaling major banks like
JPMorgan Chase and Bank of America.
With fintech valuations on the rise and investor
interest at an all-time high, Revolut finds itself at a pivotal moment. Whether
the company authorizes another share sale remains to be seen, but the pressure
is mounting as shareholders weigh cashing in on the soaring valuation.
This post is originally published on FINANCEMAGNATES.
