Rocket Internet Confirms It Will Hold An IPO Later This Year

See the original posting on TechCrunch

Rockets by Flickr user Steve Jurvetson After much speculation, German super-incubator and clone factory Rocket Internet has confirmed that it plans to launch an initial public offering later this year on the Frankfurt Stock Exchange. Rocket Internet intends to raise up to $970 million in the IPO and plans to use the proceeds to “finance its future growth through the launch of new businesses and [provide] further equity capital… Read More