Home Money Revolut to be valued at £35bn as it prepares to sell shares worth nearly £400m

Revolut to be valued at £35bn as it prepares to sell shares worth nearly £400m

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An exciting future: Revolut was founded by Nikolay Storonsky in 2015

An exciting future: Revolut was founded by Nikolay Storonsky in 2015

Revolut is set to be valued at £35bn and is preparing to sell shares worth almost £400m.

The fintech firm, which last month received a UK banking licence from regulators after three years, will allow staff to offload 20 per cent of share options at £677 each.

The £391m sale will cement its position as Europe’s most valuable start-up and make it worth more than Barclays and Lloyds.

The first share sale, in 2021, valued it at £26bn.

The sale raises the possibility that the London-based lender could seek a successful listing in that city.

Revolut was founded by Nikolay Storonsky in 2015 and has 9 million customers in the UK.

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