PANews reported on July 24 that the digital bank Revolut plans to sell employee shares worth about $500 million, according to the Wall Street Journal. According to people familiar with the matter, the deal will increase Revolut's value to $45 billion. Revolut has been in talks with investment firm Greenoaks about the sale, which will pave the way for its potential initial public offering (IPO). It is reported that early employees of start-ups usually receive stocks as part of their compensation, which they can sell when the company goes public. Revolut's goal may be to allow employees to cash out their shares while increasing the company's valuation before its IPO.