Revolut Ltd. is exploring the possibility of a private share sale in the second half of this year amid rising demand from investors looking to secure positions in what is widely regarded as Europe's most valuable startup, people familiar with the discussions said.
The London-based fintech completed a sequence of transactions last year that placed a $75 billion valuation on the company, a notable increase from the $45 billion valuation recorded in 2024. Any fresh sale would come after those prior deals, the people said.
Some investors involved in the talks are seeking a valuation for Revolut of at least $100 billion in the new financing round. Insiders indicated that a prospective deal would likely replicate the blended structure used in the company's recent private transactions.
Those close to the company emphasized that deliberations remain at an early stage. No final decisions have been made on either the scale or the schedule of a possible share sale. Separately, some participants in the discussions said Revolut is aiming for a minimum $150 billion valuation when and if it completes a public listing.
Market participants, including investors and bankers, are monitoring Revolut's fundraising activity closely, with ongoing speculation that the company will ultimately file to go public. The current conversation among stakeholders centers on how to balance immediate secondary demand with longer-term listing ambitions.
Given the preliminary nature of the discussions, key elements - including the size of any share sale, the final valuation achieved in private trading, and the timing of any listing - remain uncertain. Those variables will influence how investors and capital markets react to any future announcement.
Context for markets
The developments are attracting attention across capital markets and among fintech investors because they could shape pre-IPO ownership and valuation benchmarks ahead of a potential public offering. For now, all parties described the process as exploratory.