Revolut recently opened a tender offer allowing it torepurchase up to 10% of its shares from eligible investors, according tosources cited by Bloomberg. The buyback prioritizes early backers and values thecompany at $45 billion, or $865.42 per share.Share Buyback and Secondary SaleRevolut is turning to private share deals to provideliquidity to employees and investors while keeping its plans to go public onhold. The fintech has launched a buyback program and a secondary share sale. Separately, the company began a secondary sale thisweek that permits employees to sell up to 20% of their holdings to new andexisting investors. In that deal, shares were priced at $1,381.06 each,implying a $75 billion valuation.Revolut has also held discussions with GreenoaksCapital about raising around $1 billion in fresh funding at a blended valuationof $65 billion, people familiar with the talks said. Executives are consideringwhether to expand the round and raise additional capital.New funds are expected to support the company’sinternational expansion, including possible plans to seek a full US bankinglicense or acquire a licensed bank.The use of secondary share sales has grown among largeprivate firms as IPO activity remains limited in the US and Europe. Stripe hasregularly conducted such deals, and in February, it valued itself at $91.5 billionthrough a secondary sale.OpenAI also used a similar structure, selling stock ata $500 billion valuation while raising funds at lower levels.Shareholder ControlRevolut made its tender offer available to investors, including Balderton Capital, Index Ventures, DST Global, Ribbit Capital, andCrowdcube. The company has sought to restrict unapproved share sales on outsideplatforms.Crowdcube has facilitated more than £40 million insecondary deals over the past 18 months, including Revolut transactions. In2023, it said some early Revolut investors earned returns of more than £1million.Revolut reported $4 billion in revenue last year, a72% increase, and posted a profit. The company now has more than 60 millioncustomers worldwide.Founder and CEO Nik Storonsky’s net worth nearlydoubled to $14 billion following the secondary share sale, according to theBloomberg Billionaires Index.Expect ongoing updates as this story evolves.This article was written by Jared Kirui at www.financemagnates.com.