Revolut has rejected a secondary share sale proposal that would have valued the company at $65 billion, indicating a strategic move to control its valuation narrative ahead of a possible IPO. The company typically targets a ticket size of $500 million for secondary market activities to maintain equity control and prevent market saturation.

Revolut's valuation surged to $75 billion following a secondary share sale, allowing employees to sell up to 20% of their shares. The company's significant profit growth and ongoing frustrations with UK regulators have raised speculation about a potential IPO, possibly in New York, which could impact the London Stock Exchange.