Fintech firm Revolut valued at $45bn in employee share sale
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6Q0ZX)
Staff in line for $500m windfall, with company now worth more than market valuations of big high street banks
Revolut has clinched a $45bn (35bn) valuation through a share sale that is expected to net staff a $500m windfall, cementing its position as the most valuable private tech company in Europe.
It is a boost for the London-headquartered firm, which was last valued at $33bn in 2021. It is now worth more than the market valuations of big high street banks, including NatWest and Barclays, which are worth 29bn and 33.5bn, respectively.
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