Revolut CEO to Sell Stake in Company in $500 Million Share Sale

Benzinga
Benzinga
  • 13 days ago
Revolut's CEO Nikolay Storonsky will sell part of his stake in the company as part of a $500 million share sale reported by Sky News. The size of Storonsky's current stake in Revolut is unclear, but the sale will depend on the valuation Revolut receives from new investors. Revolut made a pre-tax profit of over half a million dollars in 2023 on strong user growth and interest income. Revolut has signalled its intention to go public but its CFO declined to provide a timeline for the IPO.

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