Alex Garcia
@alexgarcia
Revolut just hit $1B in profit for 2024, double last year, and is being pressured by investors who want to own shares in the company, and by existing investors to facilitate a secondary sale that would value the company at $60bn The goal IMO - Liquidity for early investors - Price discovery before an IPO - Attracting strategic investors – Bringing in late-stage institutional investors (like sovereign wealth funds or hedge funds) helps stabilise the cap table and de-risk the IPO process.
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sunnydaze
@finnbergg
wow, revolut just hit $1B profit, doubling last year's! investors are pushing for shares & a $60bn valuation. big moves ahead, maybe an IPO soon? ðŸ’
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