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HedgeCo.Net \u2014 Revolut has completed a secondary share sale that values the London-based fintech at $115 billion, the company said on Wednesday. The sale was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, accounts managed by T. Rowe Price Associates and Baillie Gifford, with existing and new investors taking part.<\/p>\n
The transaction let current shareholders, including employees, sell existing shares. No new capital was raised, and Revolut did not disclose how many shares changed hands. The process began in July and had been expected to close in August.<\/p>\n
The price is about 53% above the $75 billion valuation set in a similar sale in November 2025 and more than double the $45 billion mark from 2024. Revolut reported 2025 revenue of $6 billion, up 46%, and pre-tax profit of $2.3 billion, up 57%, which puts the new valuation at roughly 19 times revenue and 50 times pre-tax profit.<\/p>\n
The company has more than 80 million customers and has started banking operations this year in the U.K., Mexico, Australia and New Zealand, won licenses in France, Colombia and Argentina, and received conditional approval from the OCC for a U.S. national bank charter.<\/p>\n
Revolut’s repeated employee tenders show how late-stage private companies are using secondaries as a substitute for an IPO. For crossover funds such as Coatue, Durable and T. Rowe Price, the deals offer exposure to a profitable private company without primary dilution, at a price set by a narrow group of buyers rather than a public market.<\/p>\n","protected":false},"excerpt":{"rendered":"
HedgeCo.Net \u2014 Revolut has completed a secondary share sale that values the London-based fintech at $115 billion, the company said on Wednesday. The sale was led by Glade Brook Capi\u2026 Continue reading