Revolut Hits $60 Billion Valuation Barely Six Months After Crossing $45 Billion

Revolut has now reached an impressive $60 billion valuation. This feat has led to an increase in the demand for the sale of secondary shares from investors.

As new investors try to find a way into the booming fintechs, some shareholders are looking to offload their shares to cash in on significant gains.

Investors Show Increased Interest in Revolut’s Shares

Revolut’s recent valuation is a massive boost for investors, considering that the fintech giant was valued at $45 billion barely six months ago. A staggering increase of $15 billion has led to more pressure from investors who are looking to become part of the company’s growth story.

Sources indicate that some existing shareholders are already considering selling their shares, believing that now is the best time to cash out. However, Revolut has not initiated a formal process for such a sale, as it would require authorization before moving forward with such a plan.

The discussion is coming when Revolut is preparing to release its report of an estimated $1 billion in pre-tax profit for 2024. This represents nearly a 100% increase from the $545 million it reported in 2023.

Revolut is not the only fintech firm that’s experiencing a surge in revenue and overall growth. The fintech industry has been on a positive trajectory for the past year, and many firms are taking advantage to expand their valuation and value for shareholders. Another top player in the industry, Stripe, is preparing for stock sales after reaching a $90 billion valuation from its previous valuation of $70 billion the previous year.

Revolut Mulls Public Listing, But Not Imminent

The last time Revolute offered shares for sale was in mid-2023. During the offering, employees and early investors sold approximately $500 million worth of stock. The round was led by Coatur, with participation from top companies like Tiger Global and D1 Capital Partners. The round was oversubscribed, leading to a follow-on sale in November. More investors also participated to secure shares, which shows a strong confidence and demand for the company’s shares.

Revolut has seen immense growth since its inception and launch. While there are rumors of a public listing of its shares, the fintechs firm Despite the growth in shares and valuation, Revolut is not planning to go public immediately. Revolut is planning to list in the US when it eventually goes public, according to reports. Revolut has now surpassed 50 million global users, and the firm is planning to expand its operations across more regions.