Rocket's US$6.5bil float plan joins e-commerce listings rush


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. 

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