The media reports that Revolut is currently preparing for a share sale that would value it at $45 billion.
Last Tuesday, July 23, journalists, referring to insiders who are aware of the intentions of the mentioned fintech industry player based in the United Kingdom, reported that nowadays the firm is close to implementing the deal, within which the sale of securities of the firm will take place. In this case, it means, among others, shares worth about $500 million. It is also known that the appropriate securities are owned by the company’s employees.
It is worth noting that Revolut’s plans, which have not yet been officially confirmed, are a reflection of the growing confidence in the fintech industry. Currently, this company is one of the most valuable fintech startups in the world. The planned sale of shares will strengthen the firm’s respective positions.
It is worth noting that last month the media reported insider information about Revolut’s intentions regarding sales of securities. These information materials also noted that the Chief Executive Officer of the company, Nikolay Storonsky, plans to sell part of his stake in the startup.
Revolut refuses to provide media representatives with any comments about the mentioned insider information.
The data published on Tuesday contains the statement of the journalists’ interlocutors that the company’s share sales may be announced in the coming days.
The media notes that there is no guarantee that Revolut will conduct an initial public offering (IPO) of securities in the United Kingdom. The realism of the assumption that the mentioned process will be carried out outside the UK is significantly enhanced by the fact that in the current month chairman Martin Gilbert stated that he was not ready for an IPO in London, despite his high assessment of the expected changes in the listing rules on the local market. Mr. Gilbert also noted that all the moves made by regulators in the United Kingdom are good and allow founder-led companies such as Revolut to list here rather than just have no choice. Separately, he said that Revolut is at least a year away from going public. Besides, according to him, the company intends to impartially decide where the listing will take place.
Nikolay Storonsky has ruled out an IPO in London in the past. At the same time, this year Revolut’s UK CEO Francesca Carlesi said that listing in London is a realistic prospect.
As we have reported earlier, Revolut CEO Demonstrates Optimism About UK Bank License Approval.
