$45B valuation — Revolut becomes Europe’s most precious private tech firm

August 16, 2024

By Siôn Geschwindt

UK fintech Revolut has been valued at $45bn following a share sale by employees, making it Europe’s most valuable private tech company and shaking up the world of traditional finance.  An employee share sale is when staff sell their company shares either to the company they work for, external investors, or on the open market. In Revolut’s case, its employees sold a portion of their shares to investors including Coatue, D1 Capital Partners, and Tiger Global, among others.   Revolut’s new valuation puts it above the market capitalisation of most of Britain’s oldest banks, including Barclays, Lloyds Bank, and NatWest. Only…

This story continues at The Next Web

Source:: The Next Web

No comments

You must be logged in to post a comment.
REGISTER NOW FOR YOUR PASS
 
To ensure attendees get the full benefit of an intimate technology expo,
we are only offering a limited number of passes.
 
Get My Pass Now!