Glossary
- Tax-exempt investment income (Sparerfreibetrag)
- TecDAX
- Technical analysis
- Technology All Share
- Termination level
- Theta (warrants)
- Tick
- Tick data
- Ticker Plant Frankfurt (TPF)
- Time index
- Time value (warrants)
- Total net assets (XTF)
- Trade
- Trade Repository
- Trade-Sale
- Trading day
- Trading floor system
- Trading Surveillance Office (Handelsüberwachungsstelle, ‘TSO’)
- Transaction costs
- Transaction value
- Transfer
- Transparency Standard
- Trend
- TRICE
- Trustee
- Turn-around financing
Trade-Sale
Sale of a start-up company by its management and the participating venture capital company to an industrial enterprise.
In a trade-sale, which is the most popular type of exit, the buyer benefits from the technical know-how and the market position of the acquired company. As a rule, it will attempt to retain the current management team, at least for a certain period of time. One difference between a trade-sale and an IPO is that a company typically receives a lower valuation if it opts for a trade-sale.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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