Nikolay Storonsky, CEO of digital bank Revolut, plans to cash out part of his multi-billion dollar stake in the company through a $500 million stock sale, ChainCatcher reported. Last month, Revolut was working with bankers to sell shares, including those held by employees, valuing the company at more than $40 billion. The size of Storonsky's stake in the company remains unclear, and the size of any sale will depend on the valuation Revolut receives from new investors and the company's final distribution decisions. The company plans to go public, but interim CFO Victor Stinga declined to comment on any IPO timeline earlier this month.
