Revolut founder Nick Storonsky is set to receive a windfall from an upcoming $500 million share sale.
According to a Sky News report, Storonsky is seeking to offload stock valued in the “tens or even hundreds of millions of dollars” from the planned secondary share sale.
The final amount will depend on the valuation Revolut can attain from potential investors.
Revolut has emerged as one of the UK's most successful financial technology companies, with revenues topping £1.8 billion in 2023, a 95% increase from the previous year.
The company is seen as a likely IPO candidate in the coming years.