(Corrects to say "Monday" in last paragraph, instead of "last week") (Reuters) -London-based financial technology company Revolut has launched a tender offer to buy back as much as 10% of its shares
UK's Revolut offers to repurchase 10% of shares from investors, Bloomberg News
(Reuters) -London-based financial technology company Revolut has launched a tender offer to buy back as much as 10% of its shares from eligible investors, Bloomberg News reported on Thursday, citing people familiar with the matter.
The fintech firm is offering investors the option to sell shares at $865.42 each, Bloomberg News reported, citing some documents.
The price reflects Revolut's $45 billion valuation notched from a secondary share sale in 2024, the report said.
Revolut declined to comment on the report.
The company, which has emerged as one of the most successful European fintechs, is also in talks with firms including Greenoaks Capital for raising fresh funds, Bloomberg News said.
A source told Reuters on Monday Revolut had started a secondary share sale valuing the company at $75 billion, as it focuses on expansion plans to rival larger lenders.
(Reporting by Unnamalai L in Bengaluru; Editing by Tasim Zahid and Devika Syamnath)
