In a move that could solidify its status as Europe’s most valuable startup, Revolut, a UK-based fintech major, is reportedly eyeing a valuation of over $40 billion in an employee share sale. What Happened: Revolut, which is backed by SoftBank Group Corp. (OTC:SFTBY), is working with Morgan Stanley to sell approximately $500 million worth of existing shares, including those owned by employees, Financial Times reported, citing three people with knowledge of the plans. The proposed valuation would represent a 21% increase from Revolut’s $33 billion valuation in its 2021 fundraising round. This wo…
