Deals
Rocket Internet Prices $2 Billion German IPO at Top End of Range
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Rocket Internet AG is set to complete Germany’s biggest initial public offering since 2007, pricing the 1.6 billion-euro ($2 billion) sale at the top end of its range and turning founders Samwer brothers into billionaires.
The e-commerce investor known for replicating businesses from Groupon Inc. to Airbnb Inc. sold new stock at 42.50 euros apiece, the Berlin-based company said yesterday. The amount of proceeds assume the exercise of an over-allotment option that would give Rocket a market value of about 6.7 billion euros. The shares begin trading on the Frankfurt exchange today.