Revolut Ltd. has recently announced that its former employees will have the opportunity to participate in a secondary share sale. This will allow them to monetize their holdings at the company's latest valuation of $45 billion.
To be eligible for this initiative, individuals must have been with the fintech firm for a minimum of 24 months and possess at least $100,000 in vested shares. According to a memo obtained by Bloomberg News, eligible former staff can sell up to 5% of their stock portfolio.
This move by Revolut reflects their ongoing efforts to provide liquidity options for their past employees while taking advantage of their significant market valuation.