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Molten Ventures (LSE:GROW), a leading venture capital firm focused on high-growth digital technology companies, announced a notable increase in the valuation of its stake in fintech company Revolut on Wednesday.
Following a recent secondary share sale by Revolut, which valued the company at $45 billion, Molten Ventures reported a substantial uplift in the value of its holding. The firm stated that its stake in Revolut is now estimated at approximately £160 million. This represents a significant rise of around £95 million from the previous valuation of £65 million recorded as of 31 March.
The impact of this valuation increase on Molten Ventures' net asset value remains to be fully adjusted. Factors such as carried interest, potential future valuation changes, and corporation tax on capital gains—which is currently at 25%—will need to be considered. These adjustments are expected to be finalized and reflected in the firm's interim results for the period ending 30 September.
Molten Ventures indicated that further updates would be provided in a trading update prior to the interim results. Chief Executive Officer Martin Davis highlighted the progress of Revolut, noting the company's remarkable growth and its ability to reward its employees. He emphasized the positive impact this valuation has on Molten Ventures, demonstrating the benefits of a prudent approach to net asset value management. Davis expressed anticipation for providing more detailed information on the valuation uplift in the upcoming results report.
As of 0851 BST, shares in Molten Ventures had risen by 2.28% to 404p. The increase reflects market enthusiasm surrounding the enhanced valuation of Revolut and its positive implications for Molten Ventures' financial standing.
