Rocket Internet, the massive German Internet startup incubator, has just made its debut on the Frankfurt Stock Exchange after raising 1.6 billion euros in the largest European IPO ever. The company’s shares didn’t ‘pop’ in the first trade - it opened at €42.5 a share (see below), the price Rocket Internet had set yesterday evening […]
German startup incubator Rocket Internet has priced its IPO at the high end of the earlier announced price range, giving it a valuation of approximately $8.5 billion. Rocket shares start trading tomorrow.
The money fuelling two of Europe’s most talked-about tech companies is coming from a media-shy Swedish investment house with roots in twentieth century iron-working. Here’s a spotlight on Kinnevik.
Rocket Internet this morning confirmed its intention to float its shares on the Frankfurt Stock Exchange in 2014. All current shareholders have promised not to sell shares for at least 12 months.
Rocket Internet is known for launching and growing tech companies at an astonishing rate and speed, but you rarely hear inside accounts about how it’s done. We talked to a number of founders to find out.
There we go again: German tech startup incubator Rocket Internet has announced yet another new investor, as its longtime partner in crime Holtzbrinck Ventures is receiving a 2.5% stake. The news comes on the heels of Rocket Internet selling a 10.7% stake to United Internet, and another 10% stake to Philippine telco PLDT. This time, […]
This just in: German Internet services juggernaut United Internet (owner of 1&1, Mail.com, Web.de, Sedo and many more) is to become startup incubator Rocket Internet’s latest shareholder, as it has agreed to acquire a 10.7 percent stake for a total of 435 million euros. The way that the investment deal was constructed will see United […]