Revolut is facing pressure from investors to consider another secondary share sale at a staggering $60 billion valuation, Bloomberg reported.

Shareholders are reportedly signaling interest in offloading their stakes while new investors seek a way into the booming fintech. This could mark a significant leap from Revolut’s $45 billion valuation just six months ago, reflecting the renewed enthusiasm in the sector.

Surging Valuation Sparks Share Sale Talks

Some existing shareholders have indicated they are open to selling their shares at the $60 billion mark, according to sources quoted by Bloomberg. However, Revolut has yet to initiate any formal process, and the company would need to authorize such a sale before it moves forward.

The discussions arise as Revolut is poised to report an estimated $1 billion in pre-tax profit for 2024, nearly doubling from the $545 million recorded the previous year.

The growing interest in Revolut shares reflects the broader fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term resurgence. Stripe, another major player in the sector, is arranging stock sales at a $91.5 billion valuation, up from $70 billion last year.

Revolut’s previous share sale in mid-2023 saw high demand, with early investors and employees selling approximately $500 million worth of stock. The round, led by Coatue, D1 Capital Partners, and Tiger Global, was oversubscribed, prompting a follow-on sale in November.

Even then, new investors scrambled to secure shares, highlighting strong market confidence.

IPO Plans on the Horizon but Not Imminent

Despite the buzz, sources suggest Revolut is unlikely to go public before 2026. The company is leaning toward a U.S. listing, reflecting its global ambitions. In the meantime, its expanding customer base, having surpassed 50 million users worldwide, places it among the largest financial institutions in terms of customer count, rivaling major banks like JPMorgan Chase and Bank of America.

With fintech valuations on the rise and investor interest at an all-time high, Revolut finds itself at a pivotal moment. Whether the company authorizes another share sale remains to be seen, but the pressure is mounting as shareholders weigh cashing in on the soaring valuation.