BERLIN: German venture capital firm Rocket Internet unveiled plans for a stock market listing that could value the company behind dozens of online start-ups at US$6.5bil (RM20.76bil), riding a wave of e-commerce flotations.
Rocket's announcement on Wednesday of plans to raise about €750mil (RM3.09bil) by selling new shares pits it against Europe's biggest online fashion firm Zalando and China's Alibaba in the quest for investors this month.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
