Revolut Ltd. is exploring a secondary share sale that would value the digital bank at $115 billion, following its recent acquisition of a UK banking license and an application for a US bank charter.This transaction would enable early investors and employees to liquidate their shares, generating much-needed liquidity. According to sources familiar with the matter, a formal process for the sale could commence as early as this month, although specifics remain unfinalized as the company continues to gauge investor interest.Revolut’s chairman, Martin Gilbert, is reportedly meeting with potential investors during the Monaco Grand Prix this weekend, although no specific agenda has been set.The company has increasingly relied on secondary transactions in recent years to onboard new investors, typically resulting in a higher valuation for the firm. If the valuation reaches $115 billion, CEO Nik Storonsky could see his stake increase to at least $36 billion, based on internal documents.The digital bank last achieved a valuation of $75 billion in November, during a deal that allowed current employees to sell shares. Notable investors in that round included Coatue Management, Andreessen Horowitz, and Nvidia Corp.’s venture capital arm.Storonsky has indicated that further secondary sales will be considered before any initial public offering (IPO), which he has stated will not occur until at least 2028. The company is currently awaiting a decision on its US bank charter application, while its UK banking license enables it to expand into lending.
