Revolut Will Let Former Staff Sell Stock in Secondary Sale

Revolut Ltd. has told its former staff they can participate in a secondary share sale, allowing them to cash in at the finance firm’s latest $45 billion valuation.

Former employees were told this week that anyone who’d been at the fintech for at least 24 months and held $100,000 or more in vested shares would be able to sell as much as 5% of their portfolio, according to a memo seen by Bloomberg News.

Revolut held a secondary share sale for current employees this summer, when staff including Chief Executive Officer Nik Storonsky cashed in stock. The sale has been ...