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Rocket Internet brings forward IPO

2014-09-29 08:44:00| Telecompaper Headlines

(Telecompaper) German start-up incubator Rocket Internet has brought its planned initial public offering (IPO) forward by a week, saying it received exceptional investor demand across all points of the price range for its shares, Reuters reported. The offer, which started on 25 September, will now end at 11.00 hours 1 October for institutional investors. Private investors will get until the end of the business day. The first day of trading on the Frankfurt Stock Exchange is scheduled for 2 October and settlement 6 October. Rocket earlier doubled the amount of money it planned to raise in the share sale to EUR 1.48 billion. The listing became fully subscribed within the first hour of taking orders.

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