Monzo prepares fresh private share sale with Morgan Stanley after $5.9bn 2024 valuation
Monzo Bank is preparing a new private share sale as the UK digital lender looks to strengthen its capital base and extend its growth runway ahead of a potential IPO, according to Bloomberg.
The London-based fintech has hired Morgan Stanley to advise on the process and assess investor demand.
The discussions are still preliminary, and Monzo has yet to determine the deal’s size or valuation.
The move comes just months after Monzo completed a $620m funding round backed by CapitalG, Alphabet’s independent growth arm, and venture capital firm He…
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