Rocket Internet Brings IPO Forward Due to 'Exceptional' Demand

Advertisement
By Reuters | Updated: 26 September 2014 18:33 IST
Germany's Rocket Internet is bringing its planned initial public offering (IPO) forward by a week, citing "exceptional investor demand across all points of the price range" for its shares.

The e-commerce investment group said on Friday the offer period, which started on Wednesday, would now end at 1100 GMT on Oct. 1 for institutional investors, while private investors would have until the end of that business day to subscribe.

(Also see: Rocket Internet Draws Big Investor Crowd for Emerging Market Web Plan)

Advertisement

The first day of trading on the Frankfurt Stock Exchange is slated for Oct. 2 and settlement is planned for Oct. 6.

Rocket, riding the coattails of last week's successful listing by Chinese rival Alibaba, earlier this week doubled the amount of money it planned to raise in the share sale to 1.48 billion euros ($1.9 billion), and the listing became fully subscribed within the first hour of taking orders.

Founded in 2007 by brothers Oliver, Alexander and Marc Samwer, Rocket has set up e-commerce sites and online marketplaces for everything from taxis to meal deliveries in more than 100 countries. Its companies made about $1 billion in revenues last year.

© Thomson Reuters 2014

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Airtel Launches Three Voice-and-SMS-Only Prepaid Recharge Plans
  2. OnePlus 16 Software Testing Reportedly Begins; Could Launch In India Soon
  3. iQOO Neo 12 Launch Date, Colour Options Revealed
  1. Cysic Shuts Down Bridge After Attacker Illegally Creates 10 Million CYS Tokens
  2. JPM Coin Arrives on Ethereum as JPMorgan Expands Institutional Payments
  3. Vivo V80 FE Reportedly Spotted on BIS Certification Website, India Launch Seems Imminent
  4. Airtel’s New Recharges in India Announced: Rs. 185, Rs. 203 and Rs. 206 Voice-Only Plans Details
  5. Vivo X500 Ultra Leak Reveals Launch Timeline, Chipset, Display and Key Specifications
  6. iQOO Neo 12 Launch Date Announced; Design, Colour Options Teased
  7. Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets
  8. iPhone Duo Battery Capacity Revealed Days Before Foldable Goes on Sale
  9. Poco X8s Gets Listed on Another Certification Website, Hinting at Imminent Launch
  10. Redmi Pad 3 Spotted on Multiple Certification Sites Ahead of Launch; Key Specifications Revealed
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.