Revolut explores share sale at $115 billion valuation

Revolut is weighing a secondary share sale at roughly $115 billion, according to Bloomberg, with a formal process potentially starting this month.investing
The neobank secured a full UK banking license in March and filed for a U.S. bank charter, fueling rapid valuation growth from $45 billion in 2024.reuters
Revolut is reportedly targeting an IPO valuation between $150 billion and $200 billion, according to the Financial Times.techcrunch

Revolut Weighs Secondary Share Sale at $115 Billion Valuation

Revolut Ltd. is exploring a secondary share sale that would value the British digital bank at approximately $115 billion, Bloomberg reported on Friday. The potential transaction would represent a roughly 53% increase from the company’s $75 billion valuation established in a November 2025 share sale, and would further cement Revolut’s position as Europe’s most valuable private technology company.dakota

Liquidity for Early Backers

The deal, if completed, would allow early investors and employees to sell existing shares without diluting current holders through the issuance of new stock. A formal process could begin as soon as this month, though details including size and timing have not been finalized as the company continues to sound out potential investors.investing

Revolut has conducted multiple secondary sales in recent years, progressively lifting its valuation from $45 billion in mid-2024 to $75 billion in late 2025. Its November 2025 round attracted investors including Coatue, Greenoaks, Dragoneer, and Andreessen Horowitz at a price of roughly $1,381 per share.revolut

Regulatory Milestones Fuel Momentum

The planned sale follows a series of regulatory breakthroughs. In March, Revolut secured a full UK banking license from the Bank of England’s Prudential Regulation Authority, ending a process that began in 2021. The license allows the company to offer protected deposit accounts and expand into lending at scale in its home market.reuters

Days later, Revolut filed for a US national bank charter with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, appointing former Visa executive Cetin Duransoy as its US CEO. If approved, the charter would let Revolut operate under a single federal framework across all 50 states.reuters

IPO Aspirations Loom

The secondary sale appears to be a waypoint on Revolut’s path toward a public listing. The Financial Times reported in April that the company is targeting an IPO valuation between $150 billion and $200 billion. Bloomberg also reported that CEO Nikolay Storonsky could be in line for a $76 billion personal fortune in stock if the company achieves a near-$200 billion market capitalization at listing.techcrunch

Revolut reported record pretax profit for 2025, with earnings rising 57% year over year as the company now serves more than 70 million customers globally.cnbc