Revolut plans to proceed with the sale of its secondary stake at a valuation of $115 billion.

CoinFeed reported on June 8th that, according to Bloomberg, digital bank Revolut is planning a secondary equity sale at a valuation of approximately $115 billion, allowing early investors and employees to cash out. The formal process could begin as early as this month, but details are still under negotiation. The report states that Revolut Chairman Martin Gilbert is meeting with potential investors during the Monaco Grand Prix. If the valuation is finalized, CEO Nik Storonsky will be granted additional shares, potentially increasing his stake to at least $36 billion. Revolut has primarily introduced new investors through secondary transactions in recent years. Last November, it arranged an employee stock sale at a valuation of $75 billion, with participants including Coatue, a16z, and Nvidia's venture capital arm.