Revolut Founder to Offload Stock in $500 Million Share Sale: Sky

Nik Storonsky, the billionaire founder of Revolut, plans to sell stock worth millions of dollars as a part of the fintech giant’s $500 million share sale, Sky News reported.

The size of his disposal would depend on the valuation that Revolut is able to attract from new investors as well as final allocation decisions by the company and its advisers, Morgan Stanley, Sky said, citing city sources.

Revolut has hired Morgan Stanley to help it sell about $500 million worth of existing equity. The transaction, which was reported earlier by the Financial Times, may value Revolut at more ...