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Revolut faces investor pressure for share sale before $1B profit report

Revolut faces investor pressure for share sale before $1B profit report
Investors are encouraging Revolut to consider another secondary share sale as new stakeholders express interest in the fintech firm. Sources suggest that shareholders are willing to sell shares at a potential valuation of $60 billion, a significant increase from the company's $45 billion valuation in a previous sale. Revolut is set to report around $1 billion in pre-tax profit for 2024, and while there is investor appetite for an initial public offering, the company is unlikely to pursue a public listing before 2026. Revolut recently surpassed 50 million customers globally and received a restricted banking license from the UK's Prudential Regulation Authority.

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