Revolut, a digital bank, plans to sell about $500 million worth of employee shares in a deal that would raise Revolut's value to $45 billion, according to people familiar with the matter. Revolut has been in talks with investment firm Greenoaks about the sale, which, if completed smoothly, could pave the way for its potential initial public offering (IPO).
It is reported that early-stage employees of startups typically receive shares as part of their compensation, which they can sell when the company goes public. Revolut may be designed to allow employees to cash out their holdings while increasing the company's valuation ahead of the IPO.
Digital bank Revolut plans to sell $500 million of employee shares
2024-07-23 16:03:56
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