Revolut plans to proceed with a secondary equity sale at a valuation of $115 billion

According to Bloomberg, digital bank Revolut is planning a secondary equity sale transaction valued at approximately $115 billion, allowing early investors and employees to cash out, with formal processes expected to start as early as this month, although details are still under discussion.

Reports indicate that Revolut Chairman Martin Gilbert is meeting with potential investors during the Monaco Grand Prix. If this valuation is achieved, CEO Nik Storonsky will be granted additional shares, potentially raising his holdings to at least $36 billion.

In recent years, Revolut has primarily attracted new investors through secondary transactions, having arranged for employee stock sales at a valuation of $75 billion last November, with participants including Coatue, a16z, and Nvidia's venture capital arm.