According to Bloomberg, Revolut is seeking a secondary equity round, with a target valuation of approximately $115 billion. If the deal is completed, its valuation will exceed those of Barclays and Deutsche Bank. It is reported that Revolut plans to provide liquidity to existing shareholders through multiple rounds of secondary transactions before its IPO, and to test the market’s ability to absorb the valuation. Based on that valuation, CEO Nik Storonsky’s stake value will be worth more than $36 billion.

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