Revolut Secondary Sale Values Fintech at $75B Ahead of IPO

Revolut has kicked off one of Europe’s biggest private tech deals, opening a secondary share sale that values the fintech giant at $75 billion. The transaction, confirmed on September 1, gives employees the option to cash out up to 20% of their holdings.

Good to Know

• Shares are being priced at $1,381 each in the latest secondary sale.
• Revolut reported $4 billion in revenue and $1 billion in profit for 2024.
• An IPO is expected in 2026, with New York tipped as the likely venue.

The timing is striking. Just last year, Revolut’s valuation sat at $45 billion in a sale led by Coatue, D1 Capital Partners, and Tiger Global. Investor demand has since climbed, with pressure earlier in 2025 for deals at $60 billion and $65 billion. Those offers were turned down, and the new figure marks a sharp step up, making Revolut Europe’s most valuable private tech company.

For employees, the sale provides long-awaited liquidity, especially ahead of a public listing that analysts expect in 2026. Most predictions point to a New York IPO, bypassing London despite the company’s UK roots.

Revolut’s business has been expanding at pace. In 2024, revenue nearly doubled year-on-year to $4 billion, with profits hitting $1 billion for the first time. The company now has more than 50 million global users, spanning services from payments and stock trading to crypto products.

Yet opinions on its lofty valuation remain divided. While the tender sale prices shares above $1,300, secondary markets like Forge still list them below $1,000. Some investors argue Revolut’s private market price is higher than many listed fintech peers.

At the same time, the company continues to push into new markets. The launch of Revolut X, a cryptocurrency exchange app, shows its ambitions in digital assets. It is also testing a fiat-pegged stablecoin in Latin America, aiming to expand crypto adoption in regions where dollar-linked digital currencies are already in high demand. Alongside this, Revolut is working to secure a U.S. bank charter, which would let it offer lending across the country.

Security and compliance have also been areas of investment. New fraud-protection tools for cryptocurrency payments have been rolled out, strengthening consumer trust as the firm leans deeper into digital finance.