Trade Republic Investors Explore Stock Sale of About €1 Billion

Trade Republic shareholders are in the early stages of pursuing a large secondary stock sale that would provide an exit route for some of the German online broker’s early investors, according to people familiar with the matter.

As much as €1 billion ($1.2 billion) worth of shares could be sold in a transaction, the people said. Existing backers, including Accel and Founders Fund, are expected to buy additional shares in the process, they added.

Some investors have been discussing potential trades at a valuation of about €12 billion, some of the people said. The deal is not finalized and a ...