Revolut has confirmed a $115 billion valuation after launching a secondary share sale process for employees. The move allows staff to liquidate holdings in the fintech unicorn.
The London-based payments startup initiated the share sale program, enabling current and former employees to sell equity at the newly confirmed valuation. Secondary transactions of this kind provide liquidity for staff before a potential public offering.
Revolut's $115 billion valuation represents significant growth for the company, which has expanded aggressively across payments, crypto, and financial services. The fintech firm operates in over 35 countries and counts millions of users globally.
The secondary share sale does not inject new capital into Revolut but allows existing shareholders to cash out portions of their stakes. Such processes are common among late-stage private companies seeking to reward employees while managing shareholder liquidity.
The confirmation comes as Revolut continues pursuing a UK banking license and explores international expansion. The company has previously indicated ambitions for a public listing, though no timeline has been announced.
Tencent Holdings fell nearly 7% in Hong Kong trading—its largest drop since April 2025—as investors react to rumors of weaker earnings. NetEase also declined 5%, dragging the broader Chinese gaming sector lower.
UK regulator Ofcom has written to social media companies demanding they enforce measures against online hate content during the World Cup, following patterns of racial abuse targeting players in previous tournaments.
European regulators have approved Paramount's acquisition of Warner Bros. Discovery, provided Paramount divests its distribution partnership with Universal.
Monday.com plans to eliminate approximately 600 employees—20% of its workforce—in the second half of 2026. The enterprise software company cited the need to support a leaner operational model.