The chief executive of Revolut is poised for a substantial windfall as the fintech giant launches a secondary share sale that values the company at $75bn (£55.9bn).
London-based employees will have the opportunity to offload up to 20 per cent of their holdings in the digital bank, Bloomberg initially reported, as reported by .
The shares are priced at $1,381.06 (£1,029).
This transaction represents a considerable jump from Revolut's earlier valuation of $45bn, which was secured last year.
A Revolut spokesperson commented: "An employee secondary share sale is currently in process, and we won't be commenting further until it is complete."
The substantial valuation boost positions Nik Storonsky, the fintech's chief executive, for a considerable windfall.
Storonsky is believed to possess a remuneration structure that mirrors that of Tesla magnate Elon Musk.
If Revolut achieves all its objectives, the aggregate number of shares accessible to Storonsky could reach as high as ten per cent of the enterprise, the Financial Times reported earlier this year.
The arrangement features incremental increases to Storonsky's earnings as Revolut reaches elevated valuation benchmarks.
Revolut boss cold on London IPO
The secondary share transaction enables private enterprises to draw fresh investors without creating additional equity.
Revolut forms part of a cohort of fintech businesses that have chosen to remain privately held owing to lacklustre public markets.
Earlier this year, buy now, pay later behemoth Klarna shelved its proposed flotation in New York following market instability caused by Trump's tariffs. Storonsky has consistently criticised a London listing, leaving minimal prospect that Revolut will turn to the City when it decides to go public.
The fintech boss described a London flotation as "not rational" compared to the superior liquidity available abroad.
Revolut has also encountered numerous challenges in the º£½ÇÊÓƵ whilst pursuing its banking licence, prompting the company's chief executive to condemn the nation's "bureaucracy."
