Revolut Completes Employee Share Sale Valuing Company at EUR 102 Billion

✦ Meridian Analysis

Revolut has closed a secondary employee share sale that lifts the fintech’s post‑money valuation to roughly €102 billion. The transaction, launched in July and completed in November, sees employees buying shares from existing holders rather than a primary issuance, meaning no new equity is created and the company’s capital structure remains unchanged. Lead participants such as Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price and Baillie Gifford were involved in the process. From a deal‑making perspective the mechanics are those of a private‑placement secondary, with the price per share reportedly around $2, although the exact figure was not disclosed in the company’s statement. By allowing staff to acquire equity at a valuation 53 % higher than the previous secondary round, the company reflects the increase reported. EBIT grew 57 % to $2.3 billion in 2025, delivering a 38 % pre‑tax margin. What remains undisclosed are the exact pricing terms and the full composition of the advisory team. The extension of the closing timetable from the planned August deadline to November is noted.

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