Revolut in talks with Tiger Global for $500 million share sale

Odaily News Digital bank Revolut is in talks with Tiger Global about a $500 million stock sale to lead the stock sale, which will mean no new shares will be issued, but employees will sell existing shares. In addition, Revolut has hired Morgan Stanley to help it with the sale, which will value Revolut at more than $40 billion. Earlier news said that digital bank Revolut is conducting a $500 million secondary stock offering, and existing shareholders, including employees, will realize some of the proceeds at an expected valuation of more than $40 billion. The plan is only for current employees of Revolut, and former employees are not allowed to sell their shares.