TLDR Tech / Fintech
Revolut boosting team that runs share sales without Wall Street
Revolut is expanding its internal corporate development team to manage secondary share sales in-house, after a self-run transaction last year helped cement a $75 billion valuation. Instead of fully relying on banks like Morgan Stanley, the fintech has built a small financial strategy group that has executed multiple share sales at different price points, generating hundreds of millions in arbitrage gains. The move highlights how late-stage fintechs are staying private longer, cutting advisory fees, and treating secondary liquidity as a core strategic function rather than a Wall Street-led process.
Read the full story