SoftBank-Backed Fintech Giant Revolut Eyes Valuation Of Over $40B In Employee Share Sale: Report
Portfolio Pulse from Benzinga Neuro
Revolut, a UK-based fintech company backed by SoftBank Group Corp., is reportedly aiming for a valuation of over $40 billion in an employee share sale. The company is working with Morgan Stanley to sell approximately $500 million worth of existing shares. This valuation would represent a 21% increase from its 2021 fundraising round. Despite challenges in the European fintech market and scrutiny over its UK banking license application, Revolut continues to expand its offerings.
June 21, 2024 | 6:50 am
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NEUTRAL IMPACT
Revolut's potential $40 billion valuation would place it on par with Lloyds Banking Group Plc., highlighting the competitive landscape in the financial sector.
While Revolut's valuation highlights competition, it does not directly impact Lloyds Banking Group's operations or stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Revolut's potential $40 billion valuation surpasses that of NatWest, indicating a shift in market dynamics within the financial sector.
Revolut's valuation surpassing NatWest indicates a shift in market dynamics but does not directly impact NatWest's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Revolut's potential $40 billion valuation surpasses that of Société Générale SA, reflecting the growing influence of fintech companies.
Revolut's valuation surpassing Société Générale reflects fintech's growing influence but does not directly impact Société Générale's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Morgan Stanley is working with Revolut on the $500 million employee share sale, which could enhance its reputation and lead to increased business opportunities.
Morgan Stanley's involvement in Revolut's share sale could enhance its reputation in the fintech sector, potentially leading to increased business opportunities and a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SoftBank Group Corp. is backing Revolut's ambitious move to achieve a $40 billion valuation in an employee share sale. This could positively impact SoftBank's investment portfolio.
SoftBank's backing of Revolut's ambitious valuation target could enhance the perceived value of SoftBank's investment portfolio, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80