Trade Republic completed a €1.2 billion secondary share sale valuing the company at €12.5 billion, with existing backers like Founders Fund increasing exposure alongside new institutional investors.The transaction provided liquidity to early investors without an IPO, underscoring Trade Republic’s strong fundamentals, over 10 million customers, €150 billion in assets under management, and profitable operations, while cementing its position as Germany’s most valuable startup. Strategically, the deal reflects a broader shift toward large secondary markets in late-stage private tech, allowing companies to delay public listings while rewarding early capital and retaining growth flexibility.

Thiel Boosts Trade Republic Stake in €1.2 Billion Secondary