Home›US Markets›M&A & Deals›Revolut raises valuation after agreeing to a secondary…

Revolut raises valuation after agreeing to a secondary share sale

The deal boosted Revolut’s valuation by about 50%, bringing it to roughly $115 billion.

Reported · Written up by our desk · M&A & Deals

Revolut, described as a leading European digital bank startup, agreed to a secondary share sale that increased its valuation by around 50%, according to WSJ Markets.

The secondary offering lifts Revolut to an estimated $115 billion valuation, following the transaction terms that were agreed by the company.

The news highlights how secondary share sales can quickly change private-company value even without a new primary funding round.

More like this

Sources