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revolut early investors sell shares worth billions following banking license approval
Early investors and employees of fintech Revolut have sold nearly $1 billion in shares since August, following the company's acquisition of a limited banking license in the UK. Notable investors, including the Abu Dhabi sovereign wealth fund Mubadala and firms like Coatue and Tiger Global, participated in these secondary share sales. Revolut, valued at approximately $45 billion, reported 50 million global customers and $2.2 billion in revenue for 2023, with a pre-tax profit of $545 million.
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