TechFlow, September 2 — According to Reuters, British fintech company Revolut has launched a secondary share sale, valuing the company at $75 billion.
Insiders revealed that each share was priced at $1,381.06. This marks a significant increase compared to last year's valuation of $45 billion. A company spokesperson confirmed that the secondary market share sale is ongoing. In April this year, Revolut's annual profit doubled, driven by strong performance in cryptocurrency trading, interest income, and card fees. The company expects to obtain a UK banking license this year.
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