Samwers Brothers’ Rocket Internet Said to Seek IPO

Rocket Internet GmbH, the online startup investor founded by Germany’s Samwer brothers, is planning an initial public offering that may value the company at more than 3 billion euros ($4 billion), according to two people familiar with the situation.

Rocket is working with Berenberg, JPMorgan Chase & Co. and Morgan Stanley on a share sale that’s planned for Frankfurt later this year, the people said, asking not to be identified discussing a private matter. Berlin-based Rocket, which calls itself the world’s largest Internet incubator, has investments in more than 75 companies including online retailer Zalando SE.