According to the Financial Times Europe, Revolut, one of Europe's most valuable fintech companies, is seeking to sell $500 million worth of shares through private equity at a company valuation of $40 billion.
The move is said to be aimed at enabling its early investors and employees to cash out their shares. Given the current weak IPO market, many private companies are looking for alternatives to provide liquidity to shareholders, and Revolut's move is in line with this trend. In this way, shareholders can achieve liquidity even in an unfavorable IPO market environment.
The Financial Times reported on June 20 that Revolut plans to work with investment bank Morgan Stanley on the equity sale. This will not only help existing shareholders realize capital repatriation, but also help Revolut further consolidate its position in the highly competitive financial market.
Revolut's performance growth and banking license application
Revolut recently announced that its revenue in 2022 increased significantly by 45% to 922.5 million pounds (about 1.17 billion U.S. dollars). Although the company has not yet released a full performance report for the past year, it has previously expected that revenue in 2023 is expected to reach around 2 billion pounds. This forecast reflects Revolut's strong growth momentum in the financial technology field.
Revolut, which has been applying for a banking license in the UK to offer a more comprehensive service in its home market, has attracted a large number of new customers over the past few years, with its user base exceeding 40 million worldwide.
Revolut X cryptocurrency exchange launch plans
Revolut, a digital bank registered in London, is expanding its business scope into professional cryptocurrency trading, planning to launch a new cryptocurrency trading platform called Revolut X. As a global fintech company, Revolut already has a customer base of more than 40 million, and the launch of Revolut X aims to compete with the existing top cryptocurrency exchanges in the market. After years of offering cryptocurrency trading services in the Revolut application, the company announced plans to establish the independent exchange in February this year.
The goal of creating Revolut X is to bring users a smoother trading experience, allowing users to trade directly through professional platforms without having to rely solely on Revolut's application. In addition, Revolut X will attract users with lower transaction fees and provide more competitive transaction costs.
Although some banks have begun to provide cryptocurrency trading services to their customers, Revolut is one of the first banks to establish an independent cryptocurrency exchange specifically for such services. This marks an important step for Revolut in financial service innovation and reflects its determination and foresight to meet the needs of customers in the digital age. Through this innovative move, Revolut hopes to gain a place in the expanding cryptocurrency market and provide users with more professional and efficient trading services.
Competition and challenges from traditional market players
Although Revolut has made remarkable achievements in the fintech field, it also faces fierce competition from traditional market players. For example, banking giant Standard Chartered Bank has also recently actively established BTC and ETH trading desks to provide cryptocurrency trading services with insufficient liquidity.
In short, Revolut's equity sale and new business expansion plan demonstrate its ambition and strategic layout in the fields of financial technology and cryptocurrency. As the financial market continues to evolve, Revolut's future development deserves continued attention from the market and investors. #Revolut #私募股权 #加密货币交易所
Conclusion
Revolut's equity sale plan not only reflects the company's adaptability to the current capital market environment, but also demonstrates its emphasis on shareholder interests. In the context of the sluggish IPO market, Revolut is seeking innovative solutions to meet the needs of internal and external shareholders by providing liquidity for early investors and employees through private equity sales.
At the same time, the company's continued development and expansion in the fields of fintech and cryptocurrency indicates that its leadership in the industry will be further consolidated. With the improvement of market conditions and the in-depth implementation of the company's strategy, Revolut's future development prospects are broad and worthy of the expectations and attention of investors and market participants.
