Revolut reaches $45 billion valuation in secondary share sale
- Valuation: Fintech company Revolut has reached a valuation of $45 billion through a secondary share sale.
- Liquidity for employees: The move was aimed at providing liquidity for the company's employees.
- Investors: The sale attracted major technology investors, including Coatue, D1 Capital Partners and Tiger Global.
- Financials: Revolut reported 2023 revenue of $2.2 billion, a 95% increase from the previous year.
- Profit before tax: The company achieved a record pre-tax profit of $545 million.
Very intriguing and it would be great if they had an IPO, I'd probably watch that a lot.
That's interesting news. The stock isn't publicly traded, I don't even know if it's in the cards to get it on a public exchange. Would anyone buy its stock if that happened and how many of its customers are there?