Trade Republic funding round triggers revaluation; PT up
Trade Republic (TR), in which sino held 13.8% previously, announced another financing round of USD 900m, valuing the company at USD 5.3bn or EUR 4.4bn. In this context, sino sold some of its shares, reducing its stake to 8.8% and generating profit after taxes of EUR 127m. As a result, sino increased its 2020/21 guidance to net income after taxes of EUR 135-146m.