Reported about 1 year ago
The CEO of British fintech company Revolut, Nikolay Storonsky, is planning to sell a portion of his stake in the company as part of a $500 million share sale, according to a report by Sky News. The company, valued at over $40 billion, is working on the share sale with bankers, including shares held by employees. Revolut aims to go public eventually but has not disclosed a timeline for an IPO. In 2023, Revolut reported a record pretax profit of $553.8 million. The company has applied for a UK banking license but is still awaiting approval.
Source: YAHOO