By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    The fiscal year’s first quarter saw a $2.32 billion increase in the trade deficit.
    October 2, 2025
    PPP urges democratic criticism while endorsing government relief efforts.
    October 1, 2025
    FinMin rules out additional tax measures amid positive IMF talks
    October 1, 2025
    Talks with IMF progressing ‘positively’: FinMin Aurangzeb
    October 1, 2025
    IMF asks Pakistan to reduce circular debt to zero in current fiscal year
    September 29, 2025
  • Politics
    PoliticsShow More
    Zardari calls for adopting economic mindset over conflicts
    October 2, 2025
    PM Shehbaz lauds Pakistani citizens’ participation in Global Sumud Flotilla
    October 2, 2025
    ‘PTI was not a party in reserved seats case,’ says SC
    October 2, 2025
    Violent protests continue in AJK despite govt’s offers of talks
    October 2, 2025
    Security of Pakistani citizens aboard flotilla remains govt’s foremost priority: FO
    October 2, 2025
  • Technology
    TechnologyShow More
    UAE launches AI visa, event permits and residency for widows, and refugees
    September 30, 2025
    Transforming future of work: Resource Cloud launches at ITCN Asia 2025
    September 26, 2025
    Meet the history-making astronauts headed for the Moon
    September 24, 2025
    Pakistan to roll out 5G in coming months, says IT minister
    September 23, 2025
    To find Russian agents and obtain secrets, British spies use the dark web.
    September 19, 2025
  • Sports
    SportsShow More
    Namibia book T20 World Cup 2026 spot after comprehensive win over Tanzania
    October 2, 2025
    Bangladesh crush Pakistan by 7 wickets in ICC Women’s World Cup
    October 2, 2025
    Football cannot solve conflict but carries message of peace, says FIFA’s Infantino
    October 2, 2025
    Women’s World Cup: ‘No handshake guarantee’ ahead of Pakistan-India clash, says BCCI
    October 2, 2025
    Pakistani equestrian Usman Khan books 2026 Asian Games berth
    October 2, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Founding member of Revolut Storonsky’sells £200m share’ in fintech giant.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Founding member of Revolut Storonsky’sells £200m share’ in fintech giant.
Business

Founding member of Revolut Storonsky’sells £200m share’ in fintech giant.

As he rises through the ranks of Europe's wealthiest people, Revolut's billionaire founder has sold shares in the banking and finance app valued at hundreds of millions of dollars.

Last updated: 2024/09/13 at 8:20 AM
Published September 13, 2024
Share
1 Min Read
SHARE

According to news reports, in a secondary share sale that ended last month, the company’s CEO, Nik Storonsky, sold between 40% and 60% of the stock that the employees had dumped.

This would imply that Mr. Storonsky had sold shares for between $200 million and $300 million, which is a negligible amount of his ownership in the company he founded in 2015.

The billionaire, whose estimated net worth for Revolut is $8 billion, orchestrated last month’s share sale that brought in $45 billion in capital from buyers like as D1 Capital Partners and Coatue.

Revolut did not mention Mr. Storonsky’s personal profit when announcing that it had structured the sale “to provide employee liquidity” at the time.

One insider claims that several thousand Revolut employees are believed to have taken part in the share sale.

“We’re delighted to provide the opportunity to our employees to realise the benefits of the company’s collective success,” Mr. Storonsky stated in August.

“It’s their hard work, innovation and dedication that has driven us to become the most valuable private technology company in Europe.”

Regarding Mr. Storonsky’s involvement in the secondary share offering, a Revolution representative remained silent.

You Might Also Like

The fiscal year’s first quarter saw a $2.32 billion increase in the trade deficit.

PPP urges democratic criticism while endorsing government relief efforts.

FinMin rules out additional tax measures amid positive IMF talks

Talks with IMF progressing ‘positively’: FinMin Aurangzeb

IMF asks Pakistan to reduce circular debt to zero in current fiscal year

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 13, 2024 September 13, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article ‘Unnecessary and unhelpful’ is how one former Bank of England economist describes the Chancellor’s ‘black hole’ allegation.
Next Article Con artist Anna Sorokin wears a jeweled ankle tag while attending a fashion event in New York.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Zardari calls for adopting economic mindset over conflicts
Pakistan Politics October 2, 2025
Crackdown begins as grace period ends for unlicensed motorcyclists in Islamabad
Crime and Juistice Pakistan October 2, 2025
Procter & Gamble, Gillette to shut down Pakistan operations
Crime and Juistice Information Technology October 2, 2025
Second mpox case reported in Sindh
Health October 2, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?