London (FNN Business) – Fintech giant Revolut is set to solidify its status as Europe’s most valuable startup, with a new valuation of £35 billion. The company is preparing to offload nearly £400 million worth of shares to employees, marking a significant milestone.
Revolut, which recently secured a full UK banking license, will allow staff to sell up to 20% of their share options at a price of £677 each. This move could pave the way for a blockbuster public listing in London.
The company’s valuation has skyrocketed since its previous fundraising round in 2021, valuing it at £26 billion. With the latest share sale, Revolut’s worth would eclipse that of banking titans Barclays and Lloyds.
