Zalando, Rocket IPOs Herald Tech Startup Wave in Berlin
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Berlin’s ultra-coolness -- not to mention low rents -- has attracted a bevy of startup technology companies in recent years. Now hipster hard work might pay off with the first tech listing from the German capital since 2007.
Rocket Internet GmbH, an investor in online startups founded by Germany’s Samwer brothers, and online retailer Zalando SE, backed by Rocket, are among the most high-profile companies considering initial public offerings. Zalando could be valued at about 4 billion euros ($5.4 billion) and Rocket at more than 3 billion euros in Frankfurt listings, people familiar with the matter told Bloomberg News.