Small-scale investors who backed fintech company Revolut in 2016 are poised to become millionaires following a revolutionary change in share-selling rules. These early adopters, who invested through the Crowdcube platform, are expecting returns of 404 times their initial investment as they prepare to sell portions of their holdings.
The remarkable transformation sees original shares purchased at $2.14 now commanding a price of $865.42 each. The average investment of £2,309 has spectacularly grown to exceed £900,000, marking one of the most successful crowdfunding returns in British financial history.
Revolut’s decision to expand its secondary share sale beyond employees to include early backers and former staff has opened the floodgates for wealth creation. The company’s communication to investors highlighted their eligibility to participate in this next phase of share trading, with the total transaction value surpassing $1 billion.
Notable institutional investors joining the share purchase include Abu Dhabi’s Mubadala fund, Goldman Sachs private clients, and prominent tech investors Coatue Management and D1 Capital Partners. The company, which began with a mission to tackle exchange rate mark-ups and foreign transaction fees, has evolved into a financial powerhouse valued at $45 billion.
The success story extends beyond individual investors, as Revolut now serves 50 million customers and has secured a provisional UK banking licence. However, investment experts caution that such remarkable returns are exceptional in the crowdfunding landscape, where most investments fail to generate returns.
The Crowdcube investors have been allocated the opportunity to sell up to $10.215 million worth of their Revolut shares, marking a watershed moment in crowdfunding investment returns and highlighting the potential of early-stage fintech investments.
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