Revolut plans to sell $500 million in employee shares, raising its valuation to $45 billion

According to BlockBeats, on July 24, digital bank Revolut plans to sell employee shares worth about $500 million. People familiar with the matter said the deal would increase Revolut's value to $45 billion.

Revolut has been in talks with investment firm Greenoaks over the sale, which, if completed, would pave the way for a potential initial public offering (IPO).

Early employees at startups often receive stock as part of their compensation, which they can sell when the company goes public. Revolut may be trying to cash out its employees’ holdings while boosting the company’s valuation ahead of its IPO.