In today’s briefing:
- SoftBank Group (9884 JP) – Revolut’s Impending Valuation Write-Down?
SoftBank Group (9884 JP) – Revolut’s Impending Valuation Write-Down?
- We have already questioned SoftBank’s private company valuation marks; a Schroders trust recently announced a 46% valuation cut in its Revolut investment, acquired at the July 2021 funding round
- SVF2 acquired 5% of Revolut, also in July 2021; third party valuation providers indicate that the Revolut USD valuation has fallen by at least 50% in 2022
- July 2021 was Revolut’s most recent funding round, implying that Softbank may yet need to mark down its valuation; this could also apply to the funds’ other private companies
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