Revolut has started a secondary share sale that values the London digital bank at $115 billion, letting some employees and existing shareholders sell stock at $2,017 a share. Bloomberg first reported the move on July 22, 2026, citing an internal message from Chief Executive Nik Storonsky, and Reuters confirmed the process is underway.
The price sits more than 50% above the $75 billion valuation Revolut reached in November 2025, and it lifts the 11-year-old company past listed lenders such as Barclays. That matters for staff holding equity, for the investors lining up to buy, and for a European fintech sector tracking Revolut as it moves toward a possible public listing.
Inside the share sale
The deal is a secondary sale, so existing holders sell shares and Revolut raises no new capital. The company was targeting at least $750 million of stock, with scope to go higher if demand stays strong.
Revolut confirmed the process but would not discuss specifics, saying only that “a secondary share sale process is underway” and that it would update once the sale closes. Secondary sales have become a common way for large private companies to give staff liquidity and bring in new investors while the IPO market stays quiet. At a $115 billion valuation, Storonsky’s stake would rise to at least $36 billion under terms linked to the price.
From $45 billion to $115 billion
The new figure caps a fast climb. Revolut was valued at about $33 billion in 2021, roughly $45 billion in August 2024, and $75 billion in November 2025. That November round, the firm’s fifth chance for employees to sell shares, was led by Coatue, Greenoaks, Dragoneer and Fidelity, with Andreessen Horowitz, Franklin Templeton and T. Rowe Price also taking part. The latest step keeps Revolut ahead of Barclays, which carries a market value near $95 billion, and places it in the small group of private companies worth more than $100 billion.
What the 2025 results show
The valuation rests on record numbers. Revolut reported pre-tax profit of £1.7 billion ($2.3 billion) for 2025, up 57%, on revenue of £4.5 billion ($6 billion), up 46%. It was the company’s fifth straight year of net profit. Retail customers stood at 68.3 million at year-end and have since passed 75 million, against a stated target of 100 million by mid-2027. Business customers grew to 767,000, and total customer balances rose 66% to $67.5 billion. Customer lending grew 120% to $2.9 billion as Revolut prepares to expand credit cards, loans and overdrafts in the UK, and 11 product lines each brought in more than $135 million.
Where Nvidia’s stake fits
Nvidia’s venture arm, NVentures, is a Revolut backer, but its position comes from the November 2025 round, not the current sale. UK Companies House filings reported this month show NVentures holds 141,834 shares, worth about $196 million at the $75 billion valuation. Neither company has confirmed the size directly, and Revolut has said the investment is meant to deepen artificial intelligence work between the two firms. No public reporting shows Nvidia buying into the $115 billion sale.
Banking licences and the path to an IPO
Revolut won a full UK banking licence on March 11, 2026, and filed for a US national bank charter the same month. It now operates as a licensed bank in more than 30 of its 40 markets. The company holds a MiCA licence to offer crypto across the EU, runs its own exchange, Revolut X, and lists more than 200 tokens in its app. Storonsky has said Revolut may run more secondary sales before any IPO, which has been discussed for 2028 at a valuation as high as $200 billion. For now, the sale gives employees another way to turn paper gains into cash while the company stays private.
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