Revolut weighs secondary share sale at $115 billion valuation

Revolut Ltd. is looking to run a secondary share sale that would value the digital bank at $115 billion, on the heels of receiving a UK bank license and applying for a charter in the US, according to people with knowledge of the matter.

Any such deal would allow early investors and employees to sell shares and generate liquidity, said the people, who asked not to be identified discussing private information. A formal process could kick off as soon as this month, though details have not been finalized and the company is still sounding out investors, the people said.