BERLIN, Sept 10 (Reuters) – German venture capital group
Rocket Internet, which has launched dozens of online start-ups
in recent years, announced plans on Wednesday to raise about 750
million euros ($970 million) by listing a stake as it rides a
wave of e-commerce flotations.
The announcement comes just a week after Zalando, Europe’s
biggest online fashion player that Rocket helped launch, also
announced its intention to float, meaning the two companies will
be competing for investors at the same time.
BERLIN/FRANKFURT (Reuters) – Europe’s biggest online fashion player Zalando plans to raise more than 500 million euros ($657 million) to fund expansion by listing a stake, joining a flurry of e-commerce flotations set to be crowned by Chinese giant Alibaba.
The Berlin-based firm said on Wednesday it wanted to list a 10-11 percent stake on the Frankfurt stock exchange this year, which would value the company at at least 4.5 billion euros in what would be one of Germany’s biggest technology flotations for years and Europe’s top tech listing since France’s Worldline in June.