Wednesday, September 24, 2014

Shortly after Zalando: Startup Forge Rocket Internet is in October at the … – ABC Online

Shortly after Zalando: Startup Forge Rocket Internet is in October at the … – ABC Online

Tuesday, 09.23.2014, 20:50
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It is the largest IPOs since the” New Economy “times: On October 1, only start the online fashion store Zalando at the German Stock Exchange, on 9 October follows Rocket Internet for -., with a total in the billions

Shortly after the online retailer Zalando also wants the Berlin Startup Forge Rocket Internet in October to the stock exchange . go The launch is scheduled on October 9, as the company announced on Tuesday. The price range for the shares was set at 35.50 euros to 42.50 euros. This Rocket follows close on the fashion retailer Zalando that goes public on 1 October.

main shareholder of Rocket Internet, the brothers Oliver, Marc and Alexander Samwer, which also hold some 16 percent of Zalando. The existing shareholders want to sell at the IPO, any shares, it should only new shares will be placed. The papers are to be offered on Wednesday investors.



Oliver Samwer: “Rocket has a unique opportunity”

The proceeds from the IPO will be invested in the development of new and existing Internet companies under the Rocket roof. “We are confident that Rocket has a unique opportunity to participate in emerging markets in the growth of Internet commerce,” said chief executive Oliver Samwer. The IPO was a “significant milestone” for the company. Currently they are under the Rocket roof over 50 companies in various regions of the world actively. A focus on online commerce.

The total volume of placement should be at 1.477 billion euros – to the midpoint of the price range. The company had already announced that net take about 750 million euros. Several investors have already committed to purchase shares at the offer price of 582.5 million euros, it said.

Zalando wants 633 million euros to take

The company expects a market capitalization at the midpoint of the price range of around 6.2 billion euros. In comparison, Zalando is expected with a value of up to 5.6 billion euros. The Lufthansa Group is currently Dax comes to a market capitalization of 5.85 billion euros.

The online fashion retailer Zalando in mid-September announced plans to take up to 633 million euros in its IPO. The price range for the shares is 18 to 22.50 euros.



Video: The greatest hits of the Samwer brothers

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