BIG VALUATION: German venture capital group Rocket Internet, which has launched dozens of online startups, priced its initial public offering on Tuesday in a range of €35.50-€42.50 (RM148-RM177) per share, valuing the company at up to €6.2bil (RM25.86bil). — Reuters
BERLIN: German venture capital group Rocket Internet, which has launched dozens of online startups, priced its initial public offering on Tuesday in a range of €35.50-€42.50 (RM148-RM177) per share, valuing the company at up to €6.2bil (RM25.86bil).
The Berlin-based company said in a statement it expects gross proceeds of approximately €1.477bil (RM6.15bil), assuming it places the maximum number of shares at the mid-point of the price range.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
