According to the Financial Times Europe, Revolut, one of Europe's most valuable fintech companies, is seeking to sell $500 million worth of shares through private equity at a company valuation of $40 billion.
The move is said to be aimed at enabling its early investors and employees to cash out their shares. Given the current weak IPO market, many private companies are looking for alternatives to provide liquidity to shareholders, and Revolut's move is in line with this trend. In this way, shareholders can achieve liquidity even in an unfavorable IPO market environment.