Deals
Rocket Internet Seeks $1.8 Billion in E-Commerce IPO
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Rocket Internet AG, the technology investor known for replicating businesses from Groupon Inc. to Airbnb Inc., almost doubled the amount it’s seeking to raise in its initial public offering to 1.4 billion euros ($1.8 billion).
The German e-commerce investor, which is offering as many as 32.9 million new shares at 35.50 euros to 42.50 euros apiece, has enough orders to cover the sale across the price range, according to terms seen by Bloomberg News. JPMorgan Chase & Co. and Scotland’s Baillie Gifford & Co. pledged to invest a total of 450 million euros, Berlin-based Rocket said yesterday.