Revolut Employees to Sell Shares Amid $75 Billion Valuation

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Revolut Employees to Sell Shares Amid $75 Billion Valuation
Photo: Tomas Oneborg/SvD/TT

Employees at the British fintech company Revolut will soon be able to sell shares in the company, reports Financial Times. The company's valuation in the transactions planned is $75 billion, equivalent to over 700 billion kronor, according to the newspaper.

Monday's message to the employees at Revolut was that they will be allowed to sell up to 20 percent of their shares, to open up for new investors, reports Financial Times with reference to sources who have taken part of the document that was sent out.

Revolut writes to the newspaper that the offer is part of the goal to let employees make money and that a process for secondary sale of shares allocated to employees is underway.

"We will not comment further until it is completed", adds Revolut.

The information comes after it was reported last week by among others Reuters and The Wall Street Journal that the Swedish fintech company Klarna is on its way to initiate the process of a stock exchange listing in New York, where the target is reportedly set on valuations of around 120-140 billion kronor.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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