UK's Starling Bank eyes $5.4 billion valuation in secondary share sale, FT reports

Group 1 - Starling Bank is preparing a secondary share sale that could value the company at up to 4 billion pounds ($5.42 billion) [1] - The company has approached investment banks, including Morgan Stanley and Rothschild, to manage the sale process [1] - Both Starling Bank and Morgan Stanley declined to comment on the matter [1] Group 2 - Starling Bank, founded in 2017, is considering a listing in New York as part of its expansion plans in the United States [2] - For the year ended 31 March, Starling Bank recorded 714 million pounds in revenue and 223 million pounds in pre-tax profit [2] - The exchange rate noted is $1 = 0.7386 pounds [2]