Thiel Boosts Trade Republic Stake in €1.2 Billion Secondary

Peter Thiel’s Founders Fund bought more shares in Trade Republic, part of a secondary sale that values the firm at €12.5 billion ($14.7 billion).

Early backers of the company sold shares worth €1.2 billion to existing shareholders such as Founders Fund, Sequoia, Accel, TCV and Thrive Capital, the company said in a statement on Wednesday. New investors include Wellington, GIC, Fidelity, Khosla Ventures as well as a vehicle linked to the Agnelli dynasty and Aglaé, the technology investment arm of the Arnault family.