Cashing in? Revolut in talks to sell close to €500 million of existing shares
Revolut is aiming for a valuation of $40 billion (€37 billion) as it prepares to sell existing shares, the Financial Times reported on Thursday evening. In a deal organised with investment bank Morgan Stanley, the fintech firm seeks to offload $500 million (€468 million) worth of stock, including assets owned by employees. The valuation would exceed the $33 billion (€31 million) mark Revolut secured during a funding round in 2021. This would put it on par with Lloyds Banking Group, and ahead of UK lender NatWest and France's Société Générale. A number of European fintech firms, including Swedi...