je.st
news
Rocket Internet to raise EUR 750 mln in IPO
2014-09-10 10:37:00| Telecompaper Headlines
(Telecompaper) German start-up incubator Rocket Internet has announced plans for an initial public offering of shares. The listing on the Frankfurt stock exchange is expected to raise EUR 750 million to support future investments by the company. The offering will be entirely new shares, with existing shareholders such as Kinnevik, Access Industries, Holtzbrinck, United Internet and PLDT maintaining their stakes. Started in 2007, Rocket Internet claims as its mission "to become the world's largest internet platform outside of the US and China". It has invested in a wide range of consumer online services, focused on bringing internet business models to new countries and sectors. It's active in over 100 countries, with a particular focus on emerging and fast growing economies in Latin America, South East Asia, India and Africa.
Tags: internet
eur
raise
ipo
Category:Telecommunications