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Wirecard Value Passes Deutsche Bank Again After SoftBank Investment

Odey Sets Sights on German Regulator for Wirecard Short Sale Ban
Photographer: Michaela Handrek-Rehle/Bloomberg
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Wirecard AG, the German digital finance firm, is once again worth more than the country’s biggest bank after attracting a $1 billion investment from tech conglomerate SoftBank Group Corp.

Wirecard’s market value surged to 16.6 billion euros ($18.7 billion) at 1:31 p.m. in Frankfurt on Wednesday after SoftBank disclosed the investment. Deutsche Bank AG, which is in merger discussions with rival Commerzbank AG, is worth 15.8 billion euros. The last time Wirecard’s market cap pushed above Deutsche Bank’s was last month, according to data compiled by Bloomberg.