Revolut has completed a company-facilitated secondary share sale worth approximately £750 million, implying a valuation of £38 billion for the UK-headquartered neobank. The transaction, managed by Morgan Stanley, allowed early employees and seed-stage investors to sell a portion of their holdings to a group of new institutional buyers including Tiger Global, Coatue Management, and the Abu Dhabi Investment Authority. The sale was significantly oversubscribed, with demand exceeding available shares by more than four times.

The secondary transaction provides important price discovery ahead of Revolut's anticipated initial public offering, which the company is expected to announce before the end of 2025. Revolut CEO Nik Storonsky has maintained that both the London Stock Exchange and Nasdaq remain under consideration, though recent moves to secure a full UK banking licence and shift the company's holding structure to Britain have been interpreted as signals favouring a London listing. The £38 billion valuation represents a substantial uplift from the £24 billion achieved in Revolut's last primary funding round in 2024.

The secondary sale also highlights the growing maturity of private market liquidity mechanisms for late-stage UK fintechs. Revolut now generates annual revenues exceeding £2.5 billion and reported pre-tax profits of £438 million in its most recent financial year. Analysts at Berenberg noted that if Revolut ultimately lists at or above the secondary valuation, it would become one of the ten most valuable companies on the London Stock Exchange, potentially transforming the exchange's technology sector weighting.