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Revolut Valuation Rises 53% to $115 Billion in Secondary Share Sale
Revolut's valuation rises 53% to $115 billion in a secondary share sale led by Glade Brook, Coatue and other investors.
Key points
- The secondary share sale brought no new money into Revolut, according to the article.
- Revolut plans to launch a national bank in the U.S. in the first half of 2027, subject to final approval.
- Revolut's business banking division accounts for about 20% of the company's gross profit.
Why it matters. The higher valuation and planned U.S. bank launch may signal growing investor confidence in Revolut, while an IPO could reportedly value the company at $200 billion, no earlier than 2028.
Revolut's investors have completed a secondary share sale valuing the London-based British fintech at $115 billion, 53% above the price from a share sale a year ago. Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the sale, which brought no new money into the company. The company declined to say how much stock was sold, while it prepares to launch a U.S. bank in 2027 after conditional approval from the U.S. Office of the Comptroller of the Currency.
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Revolut Valuation Rises 53% to $115 Billion in Secondary Share Sale
Revolut's investors have completed a secondary share sale that values the British fintech at $115 billion. That is 53% higher than the valuation set in a share sale a year ago. Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the transaction. The sale brought no new money into the company, according to TechCrunch. Revolut is preparing to launch a US bank in 2027. The deal signals continued investor appetite for the fintech as it expands into American banking.