Rocket Internet Raises $670 Million in Share Sale to Grow

Rocket Internet AG raised almost 590 million euros ($670 million) selling new shares as the startup investor founded by Germany’s Samwer brothers seeks more acquisitions.

Rocket sold 12 million ordinary bearer shares, equivalent to about 7.8 percent of the existing share capital, exclusively to institutional investors, the Berlin-based company said in a statement Friday. The shares were sold for 49 euros apiece. Rocket fell 8.2 percent to 49.42 euros at 9:18 a.m. in Frankfurt.