Revolut plans to sell $500 million in employee shares at a valuation of $45 billion

ChainCatcher news, according to The Wall Street Journal, digital bank Revolut plans to sell employee shares worth approximately $500 million. The report cites informed sources saying that this deal will raise Revolut's valuation to $45 billion. Revolut has been negotiating with investment firm Greenoaks regarding this sale, which, if successful, could pave the way for its potential initial public offering (IPO).

It is reported that early employees of startups typically receive stock as part of their compensation, which they can sell when the company goes public. Revolut may be looking to allow employees to cash out their holdings while also increasing the company's valuation before the IPO.