Revolut CEO Sells Up to $300 Million in Shares
16.09.2024 12:00 1 min. read Alexander Stefanov
Nik Storonsky, the founder and CEO of fintech powerhouse Revolut, has reportedly offloaded shares valued between $200 million and $300 million in the company.
In June 2024, Revolut was engaged in discussions with Morgan Stanley to offload $500 million in shares, achieving a valuation of $40 billion.
Last month, Storonsky sold 40-60% of his Revolut shares through a secondary offering, generating between $200 million and $300 million.
This transaction, led by D1 Capital Partners, Tiger Global, and Coatue, aimed to provide liquidity for employees and resulted in an increased company valuation of $45 billion.
In July 2024, Revolut secured its UK banking license after overcoming three years of regulatory and compliance challenges.
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