Revolut unveils £400m share sale
Exciting future: Revolut was set up by Nikolay Storonsky in 2015
Revolut is to be valued at £35billion as it readies to sell up to nearly £400m worth of shares.
The fintech firm, which last month received a British banking licence from regulators after three years, will let staff offload 20 per cent of share options at £677 each.
The £391m sale is set to solidify its position as Europe’s most valuable start-up firm – and make it worth more than Barclays and Lloyds.
The first share sale, in 2021, valued it at £26billion.
The sale raises the prospect that the lender, based in London, could seek a blockbuster listing in London.
Revolut was set up by Nikolay Storonsky in 2015 and has 9m UK clients.
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