Revolut is set to initiate a new share sale, enabling its employees to liquidate their stock holdings at a valuation of $75 billion.
According to a memo obtained by Bloomberg, the secondary share sale is pricing each share at $1,381.06. The company has already attracted interest from both new and existing investors.
This latest valuation marks a significant increase from the $45 billion valuation recorded during the previous share sale in April of last year.
A spokesperson for Revolut commented, “In our ongoing commitment to our employees, we routinely provide opportunities for them to achieve liquidity. We are currently conducting an employee secondary share sale and will refrain from further comments until the process is completed.”