Odaily Planet Daily News Digital bank Revolut is conducting a $500 million secondary stock offering, and existing shareholders, including employees, will realize partial gains 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. Revolut CEO Nikolay Storonsky reportedly plans to cash out tens of millions or even hundreds of millions of dollars, and other board members are also considering participating. The last time Revolut issued additional shares was in 2021, when the company allowed existing employees to sell up to 20% of their shares, with total sales exceeding $100 million. In addition, the company is still working to obtain a UK banking license. (Fortune)