Revolut plans to proceed with a secondary equity sale at a valuation of $115 billion

Mars Finance News, citing a report by Bloomberg, says the digital bank Revolut is planning a secondary equity sale at an estimated valuation of about $115 billion. The deal would allow early investors and employees to cash out, with the official process expected to be launched as soon as this month, though the details are still being negotiated.

The report also says Revolut Chairman Martin Gilbert is meeting potential investors during the Monaco Grand Prix. If the valuation is reached, CEO Nik Storonsky would be granted additional shares, and the value of his stake could rise to at least $360 billion.

In recent years, Revolut has mainly introduced new investors through secondary transactions. In November last year, it arranged an employee share sale at a valuation of $750 billion, with participating parties including Coatue, a16z, and Nvidia’s venture capital division.