According to ChainCatcher, the digital bank Revolut plans to sell employee shares worth about $500 million, according to the Wall Street Journal. The report quoted people familiar with the matter as saying that the deal would increase Revolut's value to $45 billion. Revolut has been negotiating with investment company Greenoaks on the sale, which, if completed successfully, would pave the way for its potential initial public offering (IPO).

It is reported that early employees of startups usually receive stocks as part of their compensation, which they can sell when the company goes public. Revolut may allow employees to cash out their shares while increasing the company's valuation before the IPO.