Eight years ago, hundreds of small investors took a long-odds bet on what was then a little-known financial technology company called Revolut — and now they have been turned into near millionaires after the rules were changed to allow them to crystallise some of their profits.
Investors using the Crowdcube platform are due to have made 404 times their original investment when they sell a portion of their Revolut shares in the next few days.
They paid $2.14 for each share in the UK start-up, some of which they are now being invited to sell for $865.42 apiece. The average investment at the time, £2,309, has been magnified to more than £900,000.
The unlisted Revolut initially allowed only its own employees to cash out when