UK challenger Revolut has initiated a process allowing employees to sell portions of their shares at a reported valuation of $75 billion, reinforcing its position as Europe’s most valuable private technology company.
According to internal communications seen by Bloomberg, Revolut, founded in 2015 by CEO Nik Storonsky, has already attracted interest from new and existing investors, with shares priced at $1,381.06. Bloomberg reports that its sources familiar with the deal say that staff have the option to liquidate up to 20% of their holdings.