Revolut Targets $40B Valuation with $500M Share Sale, Working with Morgan Stanley

Jun 20, 2024, 07:12 PM

Revolut is targeting a valuation exceeding $40 billion in a share sale. Revolut plans to sell approximately $500 million worth of existing shares, including those held by employees. The valuation is a significant increase from the $33 billion valuation during a 2021 fundraising. The SoftBank-backed company is working with Morgan Stanley to facilitate the share sale, which includes about $50 million worth of shares. This move could cement Revolut's status as Europe’s most valuable start-up.