Stock Take

Revolut devaluation is just the latest sign that private markets are still correcting

Private investment houses that sank money into tech firms over the last three years when valuations hit record highs are now looking at portfolios that are worth far less

Revolut achieved an eye-watering valuation of $33 billion in 2021, but movements in the market now suggest its value is probably closer to $18 billion, if not far less