Rocket Internet divulges IPO plans

Rocket Internet divulges IPO plans

German Rocket Internet, known for Zalando among others, has divulged its IPO plans which should generate some 750 million euro and should be ready to launch before the end of the year.

"Next step"

 

“We have built a unique platform that has allowed us to take internet business models to over 100 countries today, bringing basic goods and services to our diverse customer base", CEO Oliver Samwer said in a press release. “Taking our company public is the next step in our journey to build the world’s leading internet platform outside of the United States and China.”

 

Rocket Internet recently revealed it has founded the Global Fashion Group alongside Swedish Kinnevik, bringing together several ecommerce companies. It intends to conquer markets that still have room for expansion, alongside companies like Amazon.

 

The current shareholders will not be selling their shares at the IPO, which means that only a limited amount of shares will be available.

 

Zalando also heading to the stock exchange

 

Zalando had officially its IPO last week and together, these IPO's will be the biggest in Germany, from a technology company, since Deutsche Telekom went public in 2000.

 

Kinnevik, Zalando and Rocket Internet have a long joint history. Zalando was once founded by Rocket Internet, but then decided to sell off all of its shares, while Kinnevik has a 36 % stake in Zalando, alongside its collaboration with Rocket Internet.

Questions or comments? Please feel free to contact the editors


Alibaba invests billions in physical retail

28/08/2017

Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.

Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Back to top