European Retail Correspondent, Zurich
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Sep 24, 2014
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Rocket Internet prices shares to value firm around $8 billion

BERLIN (Reuters) – Germany’s Rocket Internet, a venture capital group that has launched dozens of online start-ups, priced its initial public stock offering in a range of 35.50 to 42.50 euros per share, valuing the company at some 6.2 billion euros ($8 billion).

The Berlin-based company said in a statement on Tuesday it expected gross proceeds of about 1.477 billion euros from the offering. This assumes it places the maximum number of shares at the mid-point of the price range, with a free float after lock-ups of 24 percent.

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