This German Fintech May Soon Be More Valuable Than Deutsche Bank

German payments company Wirecard AG is fast approaching the market valuation of banking behemoth Deutsche Bank AG, capping a week in which investors snapped up shares in Europe’s biggest ever fintech public offering. Wirecard is hovering close to a record 158.10 euros in Frankfurt. Its 19.4 billion-euro ($22.5 billion) market valuation, just 470 million euros shy of Deutsche Bank’s, also makes it a candidate to join Germany’s DAX benchmark index of the 30 largest companies as early as September, when Deutsche Boerse AG conducts its regular index review.

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