Revolut Raises $75 Billion in Secondary Share Sale
Here’s a summary of the provided text about Revolut:
share sale for employees: Revolut is allowing existing shareholders (likely employees) to sell up to 20% of their shares to accommodate new investors. This allows employees to benefit from the company’s growth.
Increased Valuation: Revolut’s valuation has more then doubled in the last four years,and a share sale last year valued the company at $45 billion.
Further Investment Sought: Revolut was aiming for $1 billion in funding in July,potentially valuing the company at $65 billion.
International Expansion: Revolut is actively pursuing international growth, specifically looking at acquiring a U.S. bank to obtain a national lending license and potentially applying for a full U.S. banking license.
* UK Credit Card Approval Pending: Revolut is still awaiting approval to offer credit cards in the UK.
In essence,Revolut is experiencing strong investor interest,allowing it to explore meaningful growth opportunities both financially and geographically.
